credit rating when I get married

Bombeiro

Morning all

I'm getting married next month and am concerned that my debts could effect my fiance's perfect credit rating.
I'm told mine is good as I've never gone into arrears, nor do I have any ccj's.
The majority of my once enromous debts will be paid off by the end of 2007, but we'd like to buy a house some time next year.
I could afford to cover the remaining debt in addition to the monthly mortgage payments as I've learnt to live off a small monthly budget. We're also fortunate enough to have been offered some very generous support with the purchase, having decided to opt for a very modest and intimate wedding.

This is the first time in my life I've been offered something so generous and would hate for my debts to balls it up for the two of us, especially as i've sacrificed so much in the last 2 years to clear my debts.
Finally I'll get to the point, if my future wife and I open a joint account etc for rent, food, bills etc will her credit rating suffer as a result of my debts?
At the moment I have a standing order to her account each month to cover this, maybe it's best kept this way?

lady_fuschia

Actual marriage won't affect either of your credit ratings but a joint account will. If one of you has a bad credit rating its best to keep seperate accounts, at least for the present.

lady_fuschia

Have you read this article?

http://www.moneysavingexpert.com/cgi-bin/viewnews.cgi?newsid1149605730,95768

(I know there's a fancy way to do links but I'm not that clever!)

Patrick

A friend of mine has had a bailiff call for a debt owed by a previous owner; will that affect his credit rating, as he now lives in a "black-listed property" according to the bailiff?

Macduff_3

Patrick wrote:

A friend of mine has had a bailiff call for a debt owed by a previous owner; will that affect his credit rating, as he now lives in a "black-listed property" according to the bailiff?

There is no such thing as a credit blacklist - all credit checks are done on the applicants name and date of birth as well as the address so if the 1st 2 things don't match up then the credit report will ignore them. it might be worth your friend getting a credit report from Experian so he can check that everything is as it should be. Any entried that are incorrect can be removed!!!!

Patrick

Thanks, I'll pass that on with the link from earlier on credit scoring.

Cheers