+ Reply to Thread
Results 1 to 4 of 4
  1. #1

    ▲▲

    Join Date
    Aug 2005
    Posts
    6,839
    BG Level
    8
    FFXIV Character
    Pikarya Saisei
    FFXIV Server
    Excalibur

    Marriage & Debt. [BG legal]

    So after awhile of researching online. I've found very little legal litigation over debt that is active before a marriage.

    For example. John Doe has about 1k dept (nothing big, can easily pay it off quickly but it will override into the marriage.

    Jill Doe has $40,000 of debt. Don't ask me from what, I don't know.

    If these two marry, is John Doe at any point of risk of destroying his current credit history? Also will creditors ever at any point come for John Doe because of is wife's debt.

    Or is it as simple as getting a prenup. Stating Person A. is responsible for her debt and that John Doe cannot be affected in anyway legally (For example say if the woman died, would creditors still come for the husband?)

    Its still pretty sketchy, was going to call our family lawyer just to ask, but its surprising enough I'm not picking up much information on it on my google radar.

    Also inb4 don't do it. This is all speculation and the question mainly spawned from watching;

    http://www.youtube.com/watch?v=m7b_QQJbU8o

  2. #2
    The Mizzle Fizzle of Nikkei's Haremizzle

    Join Date
    Feb 2006
    Posts
    22,040
    BG Level
    10
    FFXI Server
    Bismarck

    Foiled! I was going to post that video QQ

    I know when we got out house, car or any sort of joint purchases they did take my wife's credit history into account as well as mine. We had to run both or ours when we bought our home, luckily she is squeaky clean and it wasn't an issue.

  3. #3

    ▲▲

    Join Date
    Aug 2005
    Posts
    6,839
    BG Level
    8
    FFXIV Character
    Pikarya Saisei
    FFXIV Server
    Excalibur

    Ah, so technically the guy in this situation would just have to get the house in his name? (Or would the credit check still connect the dots in idea to the person loaning)

    edit: Also I guess by saying the guy getting it in his name. Say if they were to divorce, the wife gets no house? So many loopholes around it seems.

  4. #4
    The Mizzle Fizzle of Nikkei's Haremizzle

    Join Date
    Feb 2006
    Posts
    22,040
    BG Level
    10
    FFXI Server
    Bismarck

    Well as far as I know if you plan to put her on there joint then yes she would have to undergo scrutiny. With my income alone I qualified for a 300k house, with my wifes combined we qualify for 600-650k, so that is where the difference comes in I think.

    If your bank like that and can do it alone they will certainly just run yours and not have to worry about her score hurting yours. Correct me if I am wrong anyone, this is just from my personal experience when were were home shopping a few years ago.

Quick Reply Quick Reply

  • Decrease Size
    Increase Size
  • Remove Text Formatting
  • Insert Link Insert Image Insert Video
  • Wrap [QUOTE] tags around selected text
  • Insert NSFW Tag
  • Insert Spoiler Tag

Similar Threads

  1. Replies: 38
    Last Post: 2011-10-02, 17:49
  2. Replies: 53
    Last Post: 2010-01-25, 17:16
  3. BG LEGAL HALP So my roommate is in jail
    By LinktheDeme in forum General Discussion
    Replies: 4
    Last Post: 2010-01-13, 08:06
  4. BG Legal - Home Renovation Question
    By TacoTaru in forum General Discussion
    Replies: 8
    Last Post: 2009-12-15, 23:25
  5. BG Legal advice with cops halp
    By LinktheDeme in forum General Discussion
    Replies: 9
    Last Post: 2009-11-23, 16:45
  6. BG Legal: Foreclosure question
    By wyrmtung in forum General Discussion
    Replies: 25
    Last Post: 2009-09-15, 17:57
  7. BG Legal: Search and Seizure
    By Melchiah in forum General Discussion
    Replies: 87
    Last Post: 2009-06-29, 16:42
  8. BG Legal...Question Involving Credit
    By Quixon in forum General Discussion
    Replies: 33
    Last Post: 2009-05-01, 07:42
  9. Paging BG Legal - Contract support - Quick replies required.
    By Senoska in forum General Discussion
    Replies: 31
    Last Post: 2009-04-05, 15:55