Reply
New Visitor
Posts: 1
Registered: ‎05-31-2012
0

credit score effected by joint accounts

Hello there, I have an important question.
Me and my wife share a joint account just regular basic (college) account, no credit cards.

When we opened the the account we put only my wife social security # (I didn't have back then a number yet) only my name.

My question is, if there is something wrong with my wifes credit or she has a collection or eviction or anything else which can effect credit score, can effect me in some level, cause I am married to her.

Also on the apartment contract we used her social and only her and my name, is there any way that my credit with my new social will be damaged cause of this things ?

Thanks in advance.

Senior Contributor
Posts: 3,491
Registered: ‎07-25-2008
0

Re: credit score effected by joint accounts

Sorry for your troubles,

 

If she's bounced or bouncing checks you're probably already affected. Looking into "Telecheck" is the way to find out. Basically, it's a service that lets potential creditors how likely you are to bounce checks.

 

I'd close any joint accounts (before it's too late) in your position. :smileyhappy:

 

Being sued or not probably has to do with being in a community property state.


Starting Score: 675
Current Score: EX 753 FICO, EQ 737FICO, TU 738
Goal Score: 776 FICO


Take the FICO Fitness Challenge
Moderator Emeritus
Posts: 32,869
Registered: ‎08-04-2007
0

Re: credit score effected by joint accounts

Chexsystems is another credit report showing banking info. I believe you can order it for free.

 

I'll also add that if there's a problem with her credit or she owed $$$ to others and is delinquent, and if sued, creditors can go after the bank account to recover any money. Outside of the bank, creditors can also attach joint assets in the effort to recover any funds after being sued like a car or home.

 

If there's an eviction at the apartment creditors like an assigned collection agency can still report to your CR even if you never gave the apartment your SSN. They use a process called skip tracing to locate your info and collect. This can only happen if you signed the lease.

 

 

 

 

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.