Marriage and Debt

[gfj2009]

What is the name of your state? Texas or Michigan

Texas residents attending school in Michigan. Both my fiance and I are college students in Michigan. We were looking at getting married before both of us had graduated. My fiance used to legally reside in Michigan; however, about 8 months ago he switched his legal address to mine in Texas.

He has to take out student loans to pay for school, which has ruined his credit since he keeps defaulting on one that the loan company refuses to deffer. He would still be taking out loans in his name for school after we expect to get married. Since my credit is fairly good (two federal loans in good standing, car paid off, etc), I wanted to know would the debt he incurs in loans after we get married ding my credit too?

Also, will the loans of his from before our marriage ding my credit? Or, will they be considered separate?

Thank you

[gfj2009]

Originally Posted by gfj2009

He has to take out student loans to pay for school, which has ruined his credit since he keeps defaulting on one that the loan company refuses to deffer.

My fiance informed me that he has nearly defaulted several times. His payments are always late, but just in time not to actually default, but still having 10's of thousands of dollars in debt is horrible.

Thank you,

[IrishLady47]

A debt incurred prior to marriage is not a marital debt in either a community property or equitable distribution state. However, creditors can take joint assets in either; the innocent spouse would have to recover any portion taken.

Texas is a community-property state which means any debt incurred after marriage will be considered a marital debt unless granted only on collateral that is separate property.

Did you know that many government agencies & private companies will not hire someone with bad credit for a responsible position? There is a reason for this--think about it.

[gfj2009]

What about Michigan? Is Michigan a community property state?

Also, Would we be able to obtain a Michigan marriage license while maintaining Texas citizenship? I think I remember reading somewhere that we couldn't.

[ceara19]

Originally Posted by gfj2009

What about Michigan? Is Michigan a community property state?

Also, Would we be able to obtain a Michigan marriage license while maintaining Texas citizenship? I think I remember reading somewhere that we couldn't.

Just call the local vital statistics office in Michigan and ask what the requirements are to obtain a marriage license. Many people get married in places they don't live.