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DiC916
Posts: 9
Registered: ‎07-25-2009
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Re: If I get married with someone that has no credit...

If you buy a house before you get married it won't matter what her score is, at least not until you want to move or refi, buy a car, etc.
EX: 675 / EQ: 737 / TU: 693
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Revelate
Posts: 9,485
Registered: ‎12-30-2011
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Re: If I get married with someone that has no credit...


DiC916 wrote:
If you buy a house before you get married it won't matter what her score is, at least not until you want to move or refi, buy a car, etc.

You can always leave the spouse off the mortgage application; however, it means the single individual will have to qualify for the house on income for the almighty DTI calculation.  

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
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DiC916
Posts: 9
Registered: ‎07-25-2009
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Re: If I get married with someone that has no credit...

He said she doesn't work, so she has no income to add.
EX: 675 / EQ: 737 / TU: 693
Established Member
neverrain
Posts: 59
Registered: ‎02-02-2011
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Re: If I get married with someone that has no credit...

My buddy just bought a house (this week).  His wife has terrible credit and they shared credit cards.  She doesn't work either.  Since they had balances on shared cards, they removed her from the cards and he applied solo, since he had good credit.

 

You say "a girl you like".  That kind of indicates that you either just started seeing eachother, or plan to.  If you are at a stage this early in the relationship, I would suggest talking to her now about this and get her set on the right track with her credit.  Let her know that if she is serious about the relationship moving to that stage at some point, it's important for both of you that she does this.  Teach her.

 

If you don't want to talk to her about this, re-evaluate the relationship, or don't include her in the mortgage.  Up to you.


Starting Score: ~570s
Current Score: Equifax: 638 (MyFICO - 01/04/11) - TransUnion: 656 (MyFICO - 01/24/12) - Experian: Unknown
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notfancy
Posts: 3,679
Registered: ‎11-23-2013
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Re: If I get married with someone that has no credit...


DiC916 wrote:
He said she doesn't work, so she has no income to add.

he also said he isn't in a relationship and that all of this is hypothetical. He's borrowing trouble worrying about what "might, could, maybe happen"

625 EQ FICO Current Score: 660 DCU EQ FICO/ 645 Scorewatch EQ FICO , EX FICO 664, TU FICO 737 (08/2014)
Goal Score: 700   Seedling again as of 07/29/14
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SomeGuyOnTheWeb
Posts: 134
Registered: ‎01-11-2014
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Re: If I get married with someone that has no credit...


JoshNurse wrote:

A girl I like has never worked in her life and has no credit cards. :smileysad:


RUN AWAY!

 

No. Seriously. It's not the "no CC" thing which is odd, it's the "never worked in her life". For me, that would scare me off. But that's just me.

EX - 753
EQ - 695
TU - 726
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Himee
Posts: 1
Registered: ‎06-26-2014
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Re: If I get married with someone that has no credit...

This. I'd be more concerned about never having worked in her life. Unless you like the idea of providing everything financial on your own.

Starting score: 712
Husband's starting score: 584

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Valued Member
freak4tech
Posts: 55
Registered: ‎04-14-2013
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Re: If I get married with someone that has no credit...

are you able to suppport her and her current lifestyle? If not run and run fast. 

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IamB2
Posts: 547
Registered: ‎12-05-2013
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Re: If I get married with someone that has no credit...


SomeGuyOnTheWeb wrote:

JoshNurse wrote:

A girl I like has never worked in her life and has no credit cards. :smileysad:


RUN AWAY!

 

No. Seriously. It's not the "no CC" thing which is odd, it's the "never worked in her life". For me, that would scare me off. But that's just me.


Maybe she is young? 17-18? That is not uncommon. :smileyhappy:

FICO® EQ 696 (10/10/14); TU08 691 (10/10/14); EX: 696 (10/10/14) - Last app 06/06/14; Inquiries in the last 2 yrs TU: 11; EQ: 11; EX: 12




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notfancy
Posts: 3,679
Registered: ‎11-23-2013
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Re: If I get married with someone that has no credit...


notfancy wrote:

DiC916 wrote:
He said she doesn't work, so she has no income to add.

he also said he isn't in a relationship and that all of this is hypothetical. He's borrowing trouble worrying about what "might, could, maybe happen"


 

625 EQ FICO Current Score: 660 DCU EQ FICO/ 645 Scorewatch EQ FICO , EX FICO 664, TU FICO 737 (08/2014)
Goal Score: 700   Seedling again as of 07/29/14

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