Dating a girl with bad credit

And even when your application is approved, the repayment terms may be far stricter and more expensive than it would have been had you jointly applied for the loan with a person with better credit rating.

An even greater danger in marrying someone with a bad credit is that you may stand to lose your own financial assets.

Also known as credit score, this is evaluated on the basis of an individual’s history of borrowing money and repaying debts.

If he/she has defaulted on repayments, his/her credit rating goes down and the person is said to have “bad credit”.

Apart from the actual monetary complications that a spouse with bad credit might bring into your own financial affairs, it can also pose dangers for comfortable married life.

Remember this is a person who is already under substantial debt and therefore unlikely to be able to afford taking anymore financial responsibilities after marriage.

If you continue to make regular debt repayments, there is no reason why your credit score should suffer.

However the danger lies in entering into joint financial agreements with a partner who has a poor credit rating.

When creditors generate reports, they are required by law to report information on a joint account in both of the account holders' names.So here are the facts about marrying someone with bad credit and what you can do about it.First of all it is necessary to understand what a bad credit means.A carelessness about financial obligations may just as well signify a lack of sense of responsibility in other areas of life.However this is not to mean that you should reject a person simply on the basis of a bad credit score.

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