Comments for Credit Risk News

Comment on If you have good credit and your spouse has bad credit, how much does it affect you? by B.B

B.B — Sat, 25 Apr 2009 11:07:50 +0000

He is right, its only if u guys have accounts together it would affect u.. so don’t get things together until he gets his credit in order

Comment on If you have good credit and your spouse has bad credit, how much does it affect you? by Chris H

Chris H — Thu, 23 Apr 2009 11:37:50 +0000

Normally these loans are more expensive than those offered to borrowers with good credit. The interest rates are higher because the lender bears higher risk. Adverse credit loans have more stringent repayment criteria than normal loans. Skip one payment on a bad credit loan and your rate will rise and you may even have to face a foreclosure.

Comment on My credit score is poor, non-prime & I want to buy a home. Any lending agencies that will work with me? Ideas? by SUSIE

SUSIE — Wed, 22 Apr 2009 07:34:19 +0000

get in with a loan officer and let them try to work you unless they inform you otherwise but they can help. im a loan officer is texas.

Comment on My credit score is poor, non-prime & I want to buy a home. Any lending agencies that will work with me? Ideas? by Dan

Dan — Tue, 21 Apr 2009 05:16:36 +0000

You have some good answers here, however with a bk you do not qualify for a government loan and you are missing a score. Sometimes a credit score can be zero, thus you would use your lowest reporting score to qualify. Paying things off are great but keep lines of credit open to help increase your credit score. Credit scores are based on many things but revolving credit and showing the ability to repay is a major factor. With both the price of homes and interest rates rising, you may want to purchase before the bk falls on your credit report. Whatever you decide good luck but if you need any help or have any questions feel free to email me.

Comment on My credit score is poor, non-prime & I want to buy a home. Any lending agencies that will work with me? Ideas? by niomi

niomi — Mon, 20 Apr 2009 07:23:51 +0000

No matter what is your credit score.you just do one thing, be relaxed,visit realtyhelpusa.com,read their articles ,fill out their forms & buy home wherever you want as i did.These guys are just amazing.I feel very comfortable using relatyhelpusa.com for the purchase of my new home.

Niomi

Comment on If you have good credit and your spouse has bad credit, how much does it affect you? by star

star — Sun, 19 Apr 2009 23:49:54 +0000

wow….i’m wondering the same thing myself…same situation…going to be married in two months…i’m worried too…i have good credit (like you do) and he doesn’t…at all…love him to death, but i’m not trying to fix his past mistakes either out of the money i’ve saved over the years…

we decided that when we get married, we will share ONE account…an account for bills, money for our possible future children, etc….but i’m worried too that the money can be taken away because of debts he has be taken out ?? (kinda small, but still not my responsibility as far as i’m concerned)

please e-mail me with any good advice you receive from this question as i would GREATLY appreciate it!

thank you!

Comment on My credit score is poor, non-prime & I want to buy a home. Any lending agencies that will work with me? Ideas? by barraganf2001

barraganf2001 — Sun, 19 Apr 2009 12:56:04 +0000

Lenders look at the middle score. if your middle score is like your experian score you will have no trouble getting a loan. Most lenders like myself pull a tri-merge report. Your missing Equifax.

If you have questions about your credit score check out this website: , there’s a link to receiving your free credit report.

If your in need of a Home Loan Consultant give me a call Frank 909-489-4692

Meridian Capital Mortgage

Comment on If you have good credit and your spouse has bad credit, how much does it affect you? by mntndo

mntndo — Sun, 19 Apr 2009 08:42:06 +0000

Guess what? When you get married and apply for loans they will check whomever name is on the application which is usually each of the spouses because normally you want to get approved by showing more income. But if you apply for a credit card under your name only they will only check your name.

Comment on If you have good credit and your spouse has bad credit, how much does it affect you? by heavensweetbliss

heavensweetbliss — Sat, 18 Apr 2009 17:34:36 +0000

You may want to actually think seriously about that. I married someone that screwed up their credit. When he saw mine was good he did some things to mine. Next thing you know I had a Lexus that I did not sign for. Besides that, there are a lot of crooked companies out there that will do just anything for a buck. When you get married there is almost nothing you can hide from your spouse. They can go into a lot of your paper work with other companies and use the fact that you two are married as part of his life. I believe that is another reason why lots of couples that get married don’t change their last names.

Comment on If you have good credit and your spouse has bad credit, how much does it affect you? by pcchocoholic

pcchocoholic — Fri, 17 Apr 2009 19:23:05 +0000

Its not going to affect you as long as you don’t want his name on any bills or loans that you may acquire. Otherwise, yes its going to affect you…. He won’t be able to finance an engagement ring with crappy credit!! And any kind of car or home loan will either just be in your name or you will have a higher interest rate because of his credit score. If he’s in over his head, consider credit counseling or bankruptcy. Its a big decision, but your credit is very important. Take this from someone who has had major credit issues since graduation. If he gets a secured credit card and maybe just charges Gas, or something small (Something he has the cash for) and then turns around immediately and pays it off it will gradually improve his credit. It all depends on how bad it is. Good luck!!!