We want to apply for a bank loan and pay off all these bills. (The medical bills are in my name.) ( wife ).I don't want the bank to check my credit since it is probably getting bad as the months pass. I was thinking about putting the loan in his name only. Will the bank still check MY credit? Will the late medical bills affect his credit too?
I must add that I am still unemployed at the time. But hope to be back to work as soon as possible.( I don't like my husband having to bear the whole financial burden.)
PLUS,, If these bills will affect our credit..How bad will it affect it by paying these bills a little at a time? Will our credit score drop drastically?
Sorry for so many questions.. I just want to know where I stand before going to the bank on Monday. Thanks