Borrowing money from banks and non-bank companies when we are married has both its good and bad sides. We can then obtain a higher credit rating, but it can also turn out that we will be liable for debts incurred by our spouse without our knowledge.
Spouses often take out various loans and credits together. The best example here is a mortgage, which is chosen to buy a flat or build your dream home. However, sometimes one of the spouses decides to take a loan without the knowledge of another. When he regulates his liabilities on time, the other half does not even need to know about it. However, the matter becomes more complicated if the spouse does not pay off his debts and a bailiff appears.
How to take loans and credits in a marriage?
When we need money, and we do not have savings, a loan or loan is the most often chosen option. Then, we can use these offers together, and thus increase your creditworthiness, because it will be calculated not for one person, but for two. Then we can get a higher sum on better terms. Together, we are also responsible for the repayment of debt.
However, we must remember that taking a loan or credit together with the other spouse will not be possible when we have signed the intercourse and agreed property separation.
Can one spouse take out a loan without the other’s knowledge? Of course, it is possible, but we must remember that it may bring unpleasant consequences.
What loan can one of the spouses count on?
Basically, we will not get credit if we do not have the consent of the other spouse. Therefore, when we would like to take a car or mortgage loan in a bank, the latter will make the decision against the decision of the other spouse dependent.
In turn when it comes to loans, the spouse can take them without major problems both in banks and in non-bank companies. However, certain restrictions may arise, for example the amount will only amount to several thousand zlotys. We can apply for a loan of this kind both in residential establishments and via the internet.
When do we have to pay off debts after the spouse?
The subject matter of loans in a marriage is also connected with the case when the spouse who took the loan alone did not pay it back. Who is then obliged to give money?
If the spouse took out the loan without our knowledge, i.e. we found out about it only when the debt collector or bailiff appeared, we do not have to give away anything. The spouse is responsible for debts from his own property and not from the joint property in the marriage. Then, when we knew about the loan and did not react, we are partially responsible, because the debt can be recovered by the bailiff from the joint property, but not our personal (accumulated before entering marriage).
There is one more thing – when the loan was taken by one spouse for the so-called ordinary needs of the family, for example for the maintenance of housing, health care, food, clothing purchase, raising children. Then for long spouses respond together.