Applying for Credit
May married people open credit accounts that are not also in their spouses' names?
Yes, you may open credit accounts or take out loans in your own name and do not have to open joint accounts or take out loans with your spouse. Moreover, if you have a joint account with your spouse, when a creditor sends a credit bureau information about your account, it must report the information in both your names. The credit bureau will also maintain a separate file on you and may rely only on your credit history when making a credit decision.
>>What is the Truth in Lending Act?
>>How does knowing the Annual Percentage Rate help?
>>What other laws protect consumers?
>>When I apply for credit, may a credit grantor ask my age?
>>Does my gender or marital status affect whether I am worthy of credit?
>>May married people open credit accounts that are not also in their spouses' names?
>>If my marital status changes, may a credit grantor force me to reapply for credit?