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Joint Credit Atlanta, GA

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Client Reviews

Joint Credit

Ira and Jamie Gingold Bankruptcy Attorneys in Atlanta GA

After you say, “I do,” many things change in life, especially in the areas of what you and your new spouse will share together. You will share a bed, a bathroom, the TV remote, family holidays – but what about credit? Many young couples assume that when they get married they will have a merged credit report. However, this is not the case. Every credit report and credit score is tied to an individual via a single Social Security Number. This means that your and your spouse’s credit reports will forever remain separate. How does this affect you?

The first thing that every newly married couple needs to understand is how a spouse’s credit score measures up. If you have good credit and your spouse does not, it is incredibly important to understand how this can affect joint purchases that you plan on making (e.g. a new car or home). It is also important to protect your own credit while taking appropriate steps to build better credit together.

Lenders will use credit scores from both spouses to decide whether or not to extend credit to joint applicants. If you have good credit but your spouse does not, your request for credit is likely to be denied because bad credit is considered to be a high liability. If your request for credit is approved, it is very likely that you will have to pay a higher interest rate for a loan than those with good credit. This is why it is often advised that only a spouse with a good credit report apply for a loan, and not to seek joint credit. This may mean that you will not receive a loan for the most desired amount, thus causing you to downsize a purchase. However, in the long run it will save you money, and it will allow you to further increase your own credit score. This can also give your spouse time to get his or her credit score time to increase by making wise decisions and eliminating debt.

Joint credit bonds people together for life, no matter how their marital status evolves. Married couples (and those who are not married but choose joint credit) should always be cautious before signing a joint credit agreement. Unemployment, medical bills, unforeseen life events, and debt can all make it difficult to build good credit – and can all negatively impact your credit score. Take the time to fully understand your spouse’s credit score before you apply for joint credit. If divorce were to occur, your joint credit would still affect your financial future.

Posted on behalf of Jamie L. Gingold, PC

195 14th Street NE #1604
Atlanta, GA 30309

Phone: (678) 915-2634


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    Our Client Reviews

    Jamie L. Gingold, PC
    5.0 / 5.0

    Based on 28 reviews

    Jack L.

    They did an excellent job with my case. Jamie took the time to really listen and understand things. She delved into the details and was extremely knowledgeable and non judgmental. Very professional and they know what they are doing. Would definitely recommend!

    Karen B.

    Dear Mr Gingold, There are so many reasons to be thankful for all you have done and will do. Anyone who has ever had unfavorable experiences with an attorney or the legal system will feel the trepidation that I experienced once I realized that my situation seemed hopeless. It was by chance and happily good luck that I decided to put my future and sanity into your hands. I was mortified at having to deal with my debts by claiming bankruptcy. I remember in our first meeting how you assured me that I was not alone and should not feel ashamed. And, anyone in this position obviously does not have money to spare and you were clear about all the costs and allowing me to pay according to my own ability to do so. You advised me in all aspects of the law, but also, you were at each meeting incredibly supportive and complementary of my personal and professional plans. Anyone else in this situation should feel blessed to have access to your expertise and support.

    Lyla B.

    I thought the process of filing bankruptcy was going to be a difficult one. However, Gingold & Gingold treated me with respect and dignity from the moment I walked through their door. I had the pleasure of working with Jamie. She is very responsive, professional, and knowledgeable. She took the time and listened to my every concern and handled each and every one of them to my satisfaction. My experience with filing bankruptcy under Gingold & Gingold's representation exceeded my expectations in a major way. They gave me such a peace of mind. I am very pleased with my decision of going with Gingold & Gingold to represent me when I filed Chapter 13 bankruptcy.

    Julie T.

    Wow! I am finally out of debt and can say that I am debt free after completing my chapter 7 bankruptcy case with Gingold and Gingold. Mr dangled was very knowledgeable and direct with regard to my debt situation. there were no surprises and the case went as I was advised. The staff was also very helpful whenever I had a question. I will definitely recommend them in the future to my friends.

    Julie T.

    I contacted getting old and getting old regarding some old tax debt and credit card debt that I needed to address and had been putting off. miss Irving in the office was very very nice and put me at ease. I met with Jaime Gingold. She was very nice and explained the procedure to me and what would be left owing to the Internal Revenue Service and the State of Georgia after my case was done. My case has now been completed and I am on my way to a new start. Thank you Gingold and Gingold for all of your help.

    Anna T.

    Amazing! Outstanding!! They went over and beyond..I would recommend them to anyone needing a lawyer!!

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