Debt Management Q&A
Q: My fiancé has a lot of credit card debt from when he was in grad school. He says it won’t affect me unless he transfers them to a joint account. Is that true?
A: Your fiancé's correct that you're not responsible for standing debts in his name. But if you want to buy a house together, you may be offered less favorable terms such as a higher interest rate. How your husband manages debt affects how he manages money, so it's definitely something to discuss further.
Now that you know more about credit scores, sign up for TransUnion Credit Monitoring today and receive a FREE credit score.