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Will our credits be combined?

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Jann Guest	Posted: Wed Nov 30, 2011 10:55 pm    Post subject: Will our credits be combined? Like 0 Dislike 0 My partner and I are not married yet because of his bad credit. Due to lot of charge off accounts, he has a credit score in low 500sMy credit score is in 600s which I think is due to the fact that I co-signed for my mom’s mortgage. She makes all the payments on time. My question is, I want to buy a used car, if my fiancée co-signs for me, will his credit affect my credit score? Will our credits be combined if we go for this together? _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
jerry Moderator Joined: 17 Oct 2005 Posts: 2708 Location: MICHIGAN 429.63 Dollars($)	Posted: Thu Dec 01, 2011 12:18 am    Post subject: Like 0 Dislike 0 Hi Jann, Your fiancé's credit score won't have a negative impact on your credit score. If you pay off the car loan on time, then it will have a positive impact on the credit report of both of you. Your credit won't be combined together if you go for this together. Thanks, Jerry
sabrinatoss Community Expert Joined: 16 Jan 2011 Posts: 514 Location: Australia 82.40 Dollars($)	Posted: Sun Dec 04, 2011 5:17 pm    Post subject: Like 0 Dislike 0 Hi Jann, The best, and about the only way to legally obtain a credit card, is to ask one of your parent's to add you to their account. But then don't use the card because your parents will keep it. After about a year, or so, and if you have held a steady job for about a year, then try applying for one on your own, if the automatic credit apps haven't started coming by then. _________________ Home Loan, Mortgage Insurance Calculator, Mortgage Broker
raymond Community Expert Joined: 03 Jul 2009 Posts: 1189 Location: Irvine, California 27.86 Dollars($)	Posted: Tue Dec 06, 2011 6:13 am    Post subject: Like 0 Dislike 0 >>if my fiancée co-signs for me, will his credit affect my credit score? Both of your credit will be evaluated to make the credit decision, and the lowest score from the two of you will be used. _________________ Raymond Denton www.RaymondDenton.com

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