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my husband has bad credit. we plan to get a condo. i wil apply for the loan. will he affect my application?
Personal Finance
fac asked:
my husband and i are planning to purchase a condo. however he has bad credit. i have good credit and we plan to make the loan in my name. is this possible? will his negative file affect my loan application? also, his bad credit is with a bank that keeps its delinquent payers file until up to 10 years. what is the best way to secure the loan application?
Sphere: Related Contentmy husband and i are planning to purchase a condo. however he has bad credit. i have good credit and we plan to make the loan in my name. is this possible? will his negative file affect my loan application? also, his bad credit is with a bank that keeps its delinquent payers file until up to 10 years. what is the best way to secure the loan application?
Tags: 10 Years, Bad Credit, Good Credit, Loan Application
August 12th, 2008 at 5:37 am
i beleive if you apply for the loan only in your name you should be ok
August 14th, 2008 at 8:01 am
if you apply for a conjugal property, his bad credit will really affect yours.
August 17th, 2008 at 12:36 am
As long as you apply for the loan in your name only and you qualify for it based on your sole income. You shouldn’t have any problems with his credit. Only effects if you are joint on the application.
August 19th, 2008 at 4:39 am
Do not respond to the answer from Guido. It is a scam itself! No legitimate lender has a generic (i.e., yahoo.com, hotmail.com, etc.) email address. I guarantee when you contact this person, he will inform you that you need to pay a fee up front via Western Union. NO LEGITIMATE lender requires a fee up front!! Good luck.
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