Financial co-mingly

[Akwunomy 4]

Hello my fellow good people at VJ...this is another Year in our journey. I am really grateful that i was able to use this site for successful completion of my CR-1. I am just starting to arrange things for 2013 june when i will remove condition on my Residency. I have a problem i will like to share with you guys...i am like seeing it as a red-flag and i wanted to tackle it....my wife is currently in deep financial mess and when i wanted to open my bank account here...she was hesitant to joint it with me..because both of us were at the bank...later she told me...though during our courtship she told me about it...but she told me that...if she had a joint account with me..her bad credit and bankruptcy...she is about filing will affect my credit equally...I really don't know anything about good or bad credit but when i came to the USA it is something that i came to embrace here....

So my concern is...since one of the requirement for removing condition is financial co-mingling. Am i going to have a problem with USCIS...though we still have life insurance policy...telephone bill...car insurance...her mother added us in her insurance policy and because of condition in the family...we have to live with the parents in the parents house...I just want to hear your view...so that i will be able to think of a way out right away...from my understanding...having a good credit will surely help me to progress here...but if it can separate...i guess i rather have a bad credit and be with my wife.

Thanks you guys in anticipation of your views.

Kevin

[mr and mrs 187]

i LOVE the word 'co-mingly'!

[Robert B 1]

Hello my fellow good people at VJ...this is another Year in our journey. I am really grateful that i was able to use this site for successful completion of my CR-1. I am just starting to arrange things for 2013 june when i will remove condition on my Residency. I have a problem i will like to share with you guys...i am like seeing it as a red-flag and i wanted to tackle it....my wife is currently in deep financial mess and when i wanted to open my bank account here...she was hesitant to joint it with me..because both of us were at the bank...later she told me...though during our courtship she told me about it...but she told me that...if she had a joint account with me..her bad credit and bankruptcy...she is about filing will affect my credit equally...I really don't know anything about good or bad credit but when i came to the USA it is something that i came to embrace here....

So my concern is...since one of the requirement for removing condition is financial co-mingling. Am i going to have a problem with USCIS...though we still have life insurance policy...telephone bill...car insurance...her mother added us in her insurance policy and because of condition in the family...we have to live with the parents in the parents house...I just want to hear your view...so that i will be able to think of a way out right away...from my understanding...having a good credit will surely help me to progress here...but if it can separate...i guess i rather have a bad credit and be with my wife.

Thanks you guys in anticipation of your views.

Kevin

Bank account ownership should have no bearing on credit rating. Credit rating is just that, it rates your credit worthiness. Having a bank account with your money in it does not expose the banks to any risk of losing money (except for a couple of dollars you might not pay back if you overdraft). Anyways, her credit can only negatively affect your credit rating if she were to add you as an additional card member on her credit card account, in this case that particular credit history becomes yours (including all the bad stuff). The reverse is also true, if you have accounts with no delinquencies and you add her as an additional card holder, that card's history becomes her history. Also, it really depends on what kind of "bad" credit we are talking about. If it is so bad that she is at risk of getting sued I would not make the joint account the primary account since your money becomes her money, which in return can be subject to a judgment. What I would do is this. Open a joint account, put enough money in there for bills and pay those bills with them, add a little bit of money for groceries etc. and keep the rest of your money separate. May I suggest www.schwab.com, they have all free accounts with no minimums and atm fees.

Please dubble check this information before you do anything though, and if somebody thinks I am wrong please correct me.