If I open a joint bank account with someone who has a bad credit score, will that affect my credit score?

My boyfriend and I live together, and for the ease of paying household bills, we were thinking about opening a joint bank account. However; I have really good credit and he has really bad credit. Will a joing bank account with someone who has a bad credit score negatively impact my credit score?

Asked by Finallyfound 23 months ago Similar questions: open joint bank account credit score affect Business > Financial Planning.

Similar questions: open joint bank account credit score affect.

No. I does not affect your credit score. It does not affect your credit score unless that account becomes delinquent and is reported to one of the three main credit reporting agencies.

If you are afraid it may affect your credit then takes measures to ensure that the account is never delinquent by: applying overdraft protection; using your bank's automatic bill paying features and most importantly discussing finances with your significant other. Money talks. AJ Hemlin pontuun.com AJHemlin's Recommendations Credit Correction: Legally Correct a Bad Credit Report and Repair Your Score in 6 Weeks or Less How to Repair Your Credit VHS Amazon List Price: $9.99 Used from: $8.94 Budget Creator & Credit Repair Kit Used from: $3.47 BestCredit: How to Win the Credit Game, 2nd Edition Amazon List Price: $30.00 Used from: $23.77 Average Customer Rating: 5.0 out of 5 (based on 55 reviews) Credit Repair Kit For Dummies Amazon List Price: $24.99 Used from: $5.00 Average Customer Rating: 4.0 out of 5 (based on 16 reviews) Offer your significant other one of these products below to help him or her get your level.

Don't let your finances come in the way of your relationship.

No it won't effect your Credit Score, But you need to be careful. You need to go to the bank with out your boy friend and ask them how this could effect you if you had a joint checking account. Then decide if you want to do it.

I know that it isn't going to effect your credit score, but you need to ask the bank, different states have different laws. You need to know if his creditors can freeze your account or get a court order to attach it, with a certain percentage coming out of your account each month. Be safe ask first.

Go to the bank with out him, get the information you need. It would be embarrassing to him if you asked these questions in front of him. Then you can decide what to do..

Not necessarily by itself but if that bad credit risk cleans out your account and writes bad checks you are liable.

1 Yes, and if he decides too, he can take all of the money out. For your sake and his, keep all of your money separate.

Yes, and if he decides too, he can take all of the money out. For your sake and his, keep all of your money separate.

There's still the same number of checks to write only now there's an extra account that will need reconciling, fees paid and records maintained. You've already established a good credit record in your own name. Keep it that way by not having his name with yours on any account, including bank, credit card, utilities and so on.

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My bank recently closed my account due to lack of payment of overdrafts. How will this affect my credit score?

I live in the US but I want to open a joint bank account in England with a friend.

I wish to open a new account with a different credit card.

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