If my spouse has a bad credit score, does it affect my credit score?
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Credit scores are calculated on a specific individual’s credit history. If your spouse has a bad credit score, it will not affect your credit score.
If you apply for a loan with your spouse, lenders will look at both of your credit scores. If one of you has a poor credit score, it counts against you both and could affect the outcome of your loan application, meaning you may not qualify for the best interest rates or the loan could be denied.
If you’re considering getting a loan together but one of you has a poor credit score, you may get better loan terms if you apply under the individual with the better credit score.