A Fin24 reader seeks the advice of an expert on how going under debt review will affect her husband's good credit score.
When under debt review and married in community of property does this automatically affect my husband's credit even though he might have a good profile?
David Bester, Director at MyCreditStatus.co.za responds:
If you are married in community of property then it certainly will affect your partner's credit score. Basically, both of you will have a 0 credit score.
When you are married in community of property, as a couple, you share your estate, including your debts.
You can not enter into debt review without your partner entering into the process with you.
If you are married out of community of property, it will be different since you and your partner will be considered as two different entities.
Questions may be edited for brevity and clarity.
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