Your Questions About Credit Scores Ratings http://bit.ly/nPIIwz George asks…how is my credit scores and ratings i need it fixed?scores credit report since i have been trying to pay it offCredit-Repair-Guy answers:Depends on what is wrong on your profile - Defaults, judgement's or just late payments.

As mentioned, it takes time and you will have to be committed to having it done. But it will be one of the most important things that you do.

These days all employer view your profile, future finance - mortgage, vehicles and study loans.

Start now, get it done, you wont regret it.Lisa asks…Credit Checks - ratings/scores?If i check my credit rating/score does it affect it?? Ive been told that if you check it knocks your credit score?Credit-Repair-Guy answers:You can use this credit monitoring service to pre-estimate future scores for different scenarios of such payments - creditreport.imess.netCharles asks…Credit score ratings - better to be late on credit cards or mortgage?In a temporary financial crunch and may have to make this decision, but want to keep my credit score as high as possible.Credit-Repair-Guy answers:Always pay your mortgage on time. That is priority.

Call your credit card companies and explain the situation. They may allow you to waive a payment.Linda asks…How do I go about having my credit card company lower my balance and will it hurt my credit & credit scores?I would like to lower the unpaid balance on my credit card. But if I ask and receive that lowered settlement, will that be recorded on my credit ratings and affect my credit score?Credit-Repair-Guy answers:Yes it will show on your credit as "Settled for less then full amount" and will effect your score.Mary asks…How will marriage affect my credit score? Do our scores "average" or do we both take the lower score?We're getting married in the near future. We both own homes and work full time, but my income and credit scores are better than his. Should I buy our house before we get married and keep our finances totally separate? Will that protect my excellent credit rating? Or will my rating drop to his level once we're married no matter what? (I live in a marital property state.)

What's better, qualifying for a mortgage alone on my income and credit rating, or waiting until we're married with our joint income but a combination of our credit ratings? How do banks approach these situations? Thanks!Credit-Repair-Guy answers:Most lenders do not use "merged" credit bureaus to qualify their applicants. They can usually use the higher of the two. A positive aspect of this is that now the two of you have a "joint" account that will begin to report to the credit bureau. If you are in charge of making sure that payment is made on time every month then this account could increase his score and not adversely affect yours. My only concern is that now that you are married, living under the same roof, and contributing jointly towards bills and such...how will his financial situation affect your livelihood? I would want to make sure that you would not be affected so much as to start conforming to his bad bill paying habits.

Also, I don't feel it is good practice to "shop" the bureaus. Mortgage brokers will do this in hunt for the best score because they are normally dealing with clients who might have difficulty getting approved. Brokers are independent of lenders. They normally have higher fees, closing costs ect because this is where their income comes from. If your credit score is high enough then go to bank itself. There fees are normally lower and rate could be better in the long run. The bank does not have to charge higher fee because most of the income is earned off of interest. The downfall...the bank takes longer to get an approval. Salaried & hourly employees that do not see the urgency of your application b/c they are not incented by commission as brokers are.

You score is not affected by what kind of property state you live in. That applies to personal property; real estate is different.
I believe this may be your concern...
Consider this. You're not married and you both are listed as owners on the Deed. He has children from a different marriage and you do not. If he passes away unexpectedly then half of the value of the home will automatically go to his children. You now own your house with his children and must pay them off if you ever sold the house or moved. If you were married then 100% of the value is legally yours. Take that as you will. Estate planning, Wills, correct real estate titling, ect allows you to make that decision in that event that happens. Ask your banker about titling "tennants in common" or tennants by the entirites" in the event you purchase real estate outside of marriage. I can't recall the legal meaning but with the correct terminology you should be able to purchase real estate outside of marriage and legally own it as a married couple under those laws.Powered by Yahoo! Answers