Do I also marry his debt?

View your credit file based on any of the UK credit reference agencies, or all three at once
LifeLock is the only Identity Theft Prevention Solution backed by a one-million dollar guarantee!Click here to get a 10% discount.

LifeLock Identity Theft Prevention - Save 10%

My Fiance has very bad credit and several thousand in unpaid medical

bills, from about 3 years ago, he also has unpaid cable, electric, phone

etc bill that are also unpaid from his college years. When we get

married can they come after me for his debts from before we were married,

they are actually; from before I ever knew him? We live in a house that I

currently own and it is in my name only.I have heard that if he takes

no action to pay these bills, the statue of limitations will run out and

they can no longer collect from him? We also both have student loans,

that are currently up to date. If one of us should die, could the other

have to pay back student loans that were not theirs? "

Do I also marry his debt?

You cannot be pursued for debts incurred by your BF before your marriage - these debts will be in his name only, even the student loans.

Given the situation, it would be prudent to keep your finances separate. There is no reason to put the house in both your names, because then the lenders can come after it.

I'm not sure about any statute of limitation on debts - credit agencies are very persistant. You should be prepared to have an enormous amount of difficulty in obtaining credit in the future as a couple. It would be wise for him to get debt counseling and for you both to pay off these debts and move forward in a more reasonable financial manner.

FirstPrevious12 3 4 5 Next End

Do I also marry his debt?

Topic