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Will Filing Jointly mess up credit/finances? (PA/NJ)

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Bethy

Member
NJ and PA. Husband has house in NJ which has never sold (he did rent it for 1 year, losing money) in NJ. We married 4 yrs ago. We live in my house in PA. We have filed separately since we got married but now husband would like us to file jointly but I am extremely reluctant due to his credit problems. Also, he does owe me 15k he "borrowed" from me a few months after we married, expecting to get it back before now. Waiting on house sale for that.

There is a lien on his NJ house and he has a 7k debt filed against him. We tried having a joint ckg acct when we first married and his debtors were able to get the money. I was unaware of any of his debt issues until after the marriage. Everything is totally separate right now. His credit score is 620 (not sure if that matters) and he is behind on his mortgage payment.

If I file jointly with him, will doing so add my S.S. (or anything else) to his debtors access or will I be liable for any of his financial issues? I contacted my accountant but he said I should contact a lawyer to find out.
 


FlyingRon

Senior Member
Your tax filing status isn't going to have any affect on your credit. The credit bureaus have no way of knowing how you filed. Your husband's non-jointly held debt won't count against you *BUT* you may find it difficult to get certain credit (like buying another house) as a married couple if your spouse's credit is in the toilet no matter how great yours is.

Only being jointly named on a debt will associate you with him for the credit report/credit score.
 

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