Does Getting Married Affect Your Credit Score?

How Does Marriage Affect Credit Score?

What Are the Tips to Improve a Bad Score With the Help of Spouse?

FAQS about Marriage Affecting Credit Scores

What credit score will married couples need to buy a house? up-arrow

A credit score of 620 or higher will make you eligible to get the required loan. However, if it is below this limit, you might get higher interest rates, leading you to pay higher EMIs.

Will changing my name after my marriage affect my credit score? up-arrow

No. A credit score is based on individual account details; hence it will not affect anything even if you change your name.

How will a divorce affect our joint credit score? up-arrow

Getting a divorce while having individual accounts will not affect the credit score for the individual accounts. However, if it is the credit score of the joint account and the payment is not made on time, it will increase the amount of debt in the joint account. By legal procedure, the judge might tell a certain person to pay off the debts. However, since the joint account is under the name of both spouses, it falls under the responsibility of both.

Will my credit report influence my marriage? up-arrow

Just like marriage and credit score, credit reports also don't have any connection with your marriage. If any of you raise a dispute against the credit report then it will also not affect the marriage because like credit scores, credit reports too are individual financial reports.

Will it affect the credit score of my husband if I raise a dispute against my credit report? up-arrow

Credit scores and reports are both different. The individual credit report won’t lead to any changes of your partner unless it is a joint account. Hence if you raise a dispute against your credit report, that is not going to affect your partner's credit report because they have a separate account.