Posted on: 03rd Dec, 2012 11:23 pm
Hi there… I and my fiancé are planning to get married in January. I would like to add my wife-to-be onto my accounts when we are married. Would this be turning them into joint accounts? I am concerned that if she gets a lot of inquiries against her account, her credit rating, and subsequently, the interest rate we get on a mortgage loan would be negatively affected. What advice do you people have for me?
Hi MSL!
Welcome to forums!
If you add your spouse to the account, I will be considered as a joint account. If she uses the account irresponsibly, it will have a negative impact on her credit which will affect the chances of the loan if both of you jointly apply for one.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
If you add your spouse to the account, I will be considered as a joint account. If she uses the account irresponsibly, it will have a negative impact on her credit which will affect the chances of the loan if both of you jointly apply for one.
Feel free to ask if you've further queries.
Sussane
Hi MSL,
As far as I can understand, yes, adding your spouse to the account will make it a joint account. If the account is not maintained properly, then it will have a negative impact on the credit scores which will create a problem when you apply for a loan.
Thanks
As far as I can understand, yes, adding your spouse to the account will make it a joint account. If the account is not maintained properly, then it will have a negative impact on the credit scores which will create a problem when you apply for a loan.
Thanks