Posted on: 05th Aug, 2007 05:34 am
Post Your detailed question here. If my husband does not pay the mortgage what will happen to my credit?
Hi Whateverroig,
Welcome back to the forum.
You have mentioned that you are entitled only to the property and not the loan. Your husband is only on the loan. Now, if your husband does not make payments towards the loan, then it will affect his credit score negatively. Your score will not be affected in any way. It will remain intact as it is now.
Welcome back to the forum.
You have mentioned that you are entitled only to the property and not the loan. Your husband is only on the loan. Now, if your husband does not make payments towards the loan, then it will affect his credit score negatively. Your score will not be affected in any way. It will remain intact as it is now.
If only you are on the loan your credit will be affected otherwise not. Only credit of the person on the loan gets affected if defaults occur on the loan.