Have you and your groom discussed if you'll have one joint checking/savings account? Do you know your credit score? Discuss your goals as a couple and establish a timeline to reach them together. Always be honest with each other so you can take the proper financial steps to purchase your first home, start a business, and/or start your family. Financial surprises are never fun, and neither is getting denied for credit.
Know where you stand with all three credit bureaus. Equifax, Experian and TransUnion are the three largest agencies, and they do not all report identical information. A low beacon score and derogatory information can raise your automobile insurance premiums, cause you to miss a job opportunity and/or pay higher interest rates on mortgages and loans. Any erroneous information should be disputed right away directly with the reporting agency, and they'll investigate it with the creditor at no cost to you.
Though there are many unforeseen circumstances that may have been out of your control, and affected your payment history, do not let a bad credit rating discourage you. Instead, make the necessary changes to improve your credit standing. Check out freecreditreport.com. For a monthly fee, they'll monitor and inform you of any changes to your credit report. Having a game plan can help to minimize the arguments often caused by financial stresses.
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