Many couples decide to open up joint accounts and combine finances after tying the knot and having children. While this may be convenient, it’s still important for each individual to continue to build his or her credit score, even if one partner doesn’t work, according to CBS MoneyWatch.
Building a strong credit score could benefit the couple when they decide to buy a home or a car, especially if one partner has poor credit. Once a joint application is filed, both partners may end up paying more for a loan, CBS MoneyWatch reports. But applying for a loan using the credit report of the financially stronger partner can lower the interest rate.
That being said, applying for a separate credit card may also help one spouse boost his or her credit score and maintain, or build, a stronger credit history, the website said.
Additionally, as much as no one wants to think about it, divorce or death are both possibilities. If the spouse with the better credit score leaves or passes away, the other will be forced to rely on his or her own score to secure loans or other financing options.
Lenders, insurers, and even landlords use your 
Once a consumer receives a new credit card, the lending institution views it as another line of credit, regardless of whether the card is activated or unused, independent news agency Huliq 
Some have said that these lost points, which may make it more difficult to obtain future employment or favorable interest rates on loans, are unfair because the consumer did the right thing to avoid foreclosure. Norm Magnuson, spokesman for the Consumer Data Industry Association, defended the credit bureaus’ practice, saying that those who apply for loan modifications are clearly facing trouble with their finances.
