Do women and men stand equal when it comes to getting credit? If you are a married woman or are planning a marriage soon then here are some things you need to know. Is there a secret of credit for married women?

1. According to the law, lenders are not allowed to consider gender when offering credit. But, unfortunately the figures say that in general mens’ salaries are higher than womens’ and credit is definitely linked to earning power. Single females are then going to be able to get less credit than men and so the need to get wise to improving their own credit score. This will prove useful at many points in life if you need to repair your credit score.

2. If you are married and have joint accounts then all the credit you have is actually extended to your husband. It is after the divorce that this is revealed to most women. Women should get their own credit strong. Say your husband makes mistakes in the future and goes bankrupt, you insulate yourself by having your own credit. And if you follow 50% of couples and get divorced you do not lose any credit.

3. When your husband has top credit then you get a head start in building your own report. Get your own accounts and if you want cancel the joints ones later on.

4. If you are a single woman with an excellent credit report consider the future before adding a new partner to any of your existing accounts. If he gets into difficulties it will destroy your credit very quickly. It seems that women come out with less in most aspects of the credit world. Keep some seperate accounts (But note that one joint account you will not be able to avoid is a mortgage).

5. Lenders love the fact that most people are ignorant of this situation and they love couples you join seperate accounts. Let’s look at say 100 couples. Together they must have about 200 accounts. When they join them all together the number of accounts halves and so does the bank’s liability. And not only that, if one of them messes up then the bank has two people to chase. If the couples keep seperate then a) divorce means less trouble financially and b) when they stick together and one person screws up a credit report they can still use the other.

Don’t think that this is not trusting your partner from the beginning it is good sense. It is like buying insurance. You don’t buy car insurance because you want to have a crash. Check this credit repair ebook for more secrets.