Will my foreclosure affect my wife’s credit?
I live in California, and I am going through foreclosure. My wife in not on a loan or title, however, we do have one credit card and checking account together. I did purchased my house after marriage and she signed an agreement stating that she has no interest in my property. Will my foreclosure affect my wife’s credit?
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No, she would have to be on the mortgage for her credit to be affected. She could be on the title and it still not affect her credit. If you or her missed a credit card payment, that would affect both yours and her credit reports.
Not at all.