The Long-Term Challenges Of Marrying A Partner With Poor Credit And High Debt
- By
Jazmine Denise
Source: SDI Productions / Getty
More drama with utility companies
Depending on the severity of a partner’s credit standing, it can also present additional steps and challenges if you need to put any of your family’s utility bills in their name. For example, many companies will ask certain customers to put down a deposit before opening an account as a form of insurance in the event that the customer doesn’t keep up with the bill. Further, they may ask that you have an outside party sign a letter of guarantee, which basically states that the person will take responsibility for the bill should either of you default.
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