Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
We are in a same sex relationship, I'm sorry it wasn't clear. We combine our finances.
Without getting into the need for a same-sex marriage/equivilent, there are ways you can legally protect yourself (cohabitation agreements, etc.). It would be a shame if you guys broke up at some point and YOU got stuck with all HER student loan debt on your credit cards. I'm sure she's a perfectly lovely person, but ...
Without getting into the need for a same-sex marriage/equivilent, there are ways you can legally protect yourself (cohabitation agreements, etc.). It would be a shame if you guys broke up at some point and YOU got stuck with all HER student loan debt on your credit cards. I'm sure she's a perfectly lovely person, but ...
Ha ha, thanks. I trust her though. Her previous girlfriend and her had a rough split and she paid every dime she owed to her. But we don't plan on splitting up
Bascailly one thing to remmeebr is that credit going forward is going to get tighter because of new regulations that mkae risk less rewarding. Debt to income not just paying each moneth at low levels will be important more than ever. Also limits will be lower by debt and income. That really was the intent whether said or not of the new regulations;keep people from being able to borrow too much. Good luck the plan; sounds good.
Ha ha, thanks. I trust her though. Her previous girlfriend and her had a rough split and she paid every dime she owed to her. But we don't plan on splitting up
Many newly married and newly cohabitated couples say that.... . The best definition I heard about marriage ( I realize you aren't ) is that once the romance has died down, its all business.
Meaning, if the couple breaks up and divorces, those without a prenup, are sleeping with a loaded gun. As in : Divorce gets really UGLY.
Nobody goes through nuptials.... walking down the aisle.... thinking they will divorce. Nobody .
In your case, property shared, debts paid off, loans made. You are in essence acting married. Yes ?
Not much point in commenting on the wisdom of a deed that's already done, so I won't bother to lecture you on your own personal business.
Your scores will go back up when you get close to being debt free and those inquires age some. Inquiries cost you points for 12 months, but will appear on your report for 2 years. I was pretty disgusted to find that the credit check Verizon Wireless did for my new phone cost me 10 points for an entire year. I would've rather paid a deposit. So try not to get any more inquiries for a while and just keep hammering down that debt. The nice thing about FICO is that it has no memory. Your scores can be crappy this year and near 800 next year.
Thank you for the responses. I did check my credit report and everything is accurate. I understand that it has to be the debt to credit limit ratio, which is fine, I'll deal with that. It's nice to hear that scores will jump back up once the debt is lower and the inquiries age.
I understand the comments about assuming someone elses debt etc...but we're in this together and the money is coming from the same pot so to say...I would rather pay 2% interest than 14%. Bankrupcy wouldn't have been a viable option because my gf has her name on a house where her mother and brother live.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I would've rather paid a deposit. So try not to get any more inquiries for a while and just keep hammering down that debt. The nice thing about FICO is that it has no memory. Your scores can be crappy this year and near 800 next year.
