How Is Credit Affected by Marriage?

What Do You Know About Money After Marriage?

June 25, 2009

Legally joining your lives through marriage is a big deal in countless ways, and money matters are a hot topic for many couples. Deciding whether or not to join accounts is only one piece of the financial picture. What do you know about the other elements, like your credit score and taxes? Take the quiz!

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7 Comments

3 years 43 weeks

My husband and I just bought a house with a loan. We were told that because I don't have a job or any credit that we could only go by my husbands credit score. My name is not on the loan. So question 4 can be true.

magickalrealism 3 years 47 weeks

I think it would be a good idea too to have a question about who is considered financially responsible for debts in the event of death or divorce - most debts don't just go away!

POPSUGAR Smart Living 3 years 47 weeks

Sorry, ladies! I changed #3 so it's not so misleading. Thanks for pointing it out.

julieulie 3 years 47 weeks

I can definitely account for #5 being false -- my husband and I reside in different states, so we do better off filing separately!

supercoolnat 3 years 47 weeks

Easy... Although I agree with the previous post, some of the wording was a little misleading.

GlowingMoon 3 years 47 weeks

Hmmm, I think question #3 is misleading. I interpreted "joint accounts" to include banking accounts, too, not just credit cards, so answered "false," as bank accounts do NOT show up in credit reports. If question #3 was worded more accurately, to specifically address credit cards, I would have answered "true." As some of you may know, "joint accounts" are NOT limited to credit cards. :)

GlowingMoon 3 years 47 weeks

Hmmm, I think question #3 is misleading. I interpreted "joint accounts" to include banking accounts, too, not just credit cards, so answered "false," as bank accounts do NOT show up in credit reports.If question #3 was worded more accurately, to specifically address credit cards, I would have answered "true."As some of you may know, "joint accounts" are NOT limited to credit cards. :)

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