Okay, so I’m obviously not an expert, but this is what I believe to be true (but please don’t take my word on it):
If you have good credit and your SO has bad, does his credit score affect yours once married?
I don’t believe his credit score affects yours at all. His debt, loans, credit cards, etc. are still in his name only, regardless of whether you are married or not. Your debt, loans, credit cards, eetc. are still in your name only. Unless you have cards that belong to both of you, or loans that belong to both of you, you won’t affect each other’s credit score.
When/if you decide to buy something TOGETHER, both your credit scores will be checked, and so his bad credit score will affect your together purchase or whatever. When my SO and I went to buy a house (before we were married), his credit score is what dictated our interest rate, because his credit score was worse than mine. But if you were to buy a house under just YOUR name, then his credit score shouldn’t be an issue. After my husband and I got married, we decided to buy me a new car. Since I knew my husband’s credit score wasn’t great, we decided that only MY name would be on the car loan. Only my credit score was checked, and they said my credit score was still great, so I’m assuming my husband’s credit score did not affect mine at all, otherwise my car loan wouldn’t have been so good.
If your SO have unpaid loans and debt and you have a clean bill, once married does his debt and unpaid loans become your problem as well?
I think these depend on the loans and stuff. I know some debt gets passed on to immediately family (once deceased) while other loans doesn’t. But his debt would probably only be your problem if he passed away, and then it might be your responsibility to pay them, depending on the loan/debt, etc. Does that make sense?
If he takes out a new loan or accrues new debt after married, is that now your problem because you were married before the new loan/credit/debt?
I don’t believe that’s the case. Like I mentioned earlier, I was able to take out a car loan after my husband and I were married, and they only checked my credit score. I assume if we check our credit information, the loan would appear on my credit report, and not on his, since he has nothing to do with the loan.
I think that if you want to keep all your finances separate, you can, though if you or your husband were to die, I believe the other would be left with the burden, depending on the nature of your loan/debts/etc.
Hope that helps!