Before We Say "I Do" Can I See Your Credit Report? FULL DISCLOSURE NOW = LONG LIFE TOGETHER!

Before We Say "I Do" Can I See Your Credit Report?

 

This is the one topic of discussion that is sure to spark a debate among friends, especially when one of them is engaged to be married.  Should you ask to see your partner's credit report before walking down the isle?  Is this an invasion of privacy?  Does this signify a lack of trust?  Do you even care if your partner has good or bad credit? 

 

A few days ago, I opened up this discussion among a few of my friends.  Why?  Because one of them is getting married in a few short months.  Of course, it is no secret where I stand on this issue.  I firmly believe that if you are planning to spend the rest of your life with someone, then asking for a copy of his or her credit report is part of the package.  It just makes good sense.  We all know that money and finances play a huge part in the destruction of marriage, so why not clear the air at the onset?  Why wait until you are ready to purchase that new house to find out your new husband or wife cannot qualify for a mortgage due to poor credit?

 

As with any good debate, a few of my friends disagree with me.  They feel that requesting a copy of your partner's credit report shows a lack of trust and crosses the lines of privacy.  They also feel that marriage is about accepting the good with the bad.  Therefore, credit concerns should be dealt with after marriage.  My response?  Let's just say, I respect their opinions and leave it at that!

 

Having participated in this discussion, I feel it is important to point out that "bad" credit is not the end of the world ... nor is it a steadfast reason for calling off a wedding or marriage.  Rather, holding this and other similar types of discussions with your partner prior to marriage is a responsible act and should be viewed and treated as such.

 

If done properly and with mutual respect for each other, taking a few minutes to review each other's credit reports before walking down the isle is a great idea and one that could shield you both from lots of problems in the near future.  

  

If you are interested in buying or selling real estate in Alexandria, Lorton, Woodbridge or any of the surrounding areas in northern Virginia and Maryland, please contact me for assistance.  My specializations include first-time home buyers, home sellers, luxury homes, short sales, foreclosures, relocation, and divorce.   

 

 

 

 

 

 

 

 

Lisa Dunham, MBA, CDPE, ABR, ePRO 
Allison James Estates & Homes 
703-298-6546 (Mobile) 
Lisa@LisaDunham.com
www.LisaDunham.com