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With an auto repo or charge-off on your credit are your joint assets with a new husband safe?
Wiki User
∙ 8y ago
Depends on your state laws. Check with a local attorney. I would think the worst they could do is attach the assets so that when you go to sell, they get paid first.
Wendy, once a lender runs your SS#, the judgment will show up. Its possible you might still get the loan but at a much higher interest rate. That higher interest rate will cost you much more than 6K over 30 yrs. It would be much cheaper to offer 3K CASH to settle the Jeep deal and get it over with. Why not offer $2500 CASH to the lender to release you from the judgment??
Depends on how old it is. From your info about 5 years ago? If so, I would go ahead and get the loan together and when it falls off do a refinance and that will establish a record of on time paying and will get you that lower rate. But remember if some one calls asking for you, maybe by your old name, do not acknowldge it is you because when it get close to the statute of limitations date, usually 7 years, they will try to find you. If you say it you and confirm the unpaid loan, this will start a new 7 years to collect the debt, even though it off you credit report.
Oops, I was wrong on the years for SOL, here mis an excellent link.
Wiki User
∙ 8y ago
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How do you handle credit card debt of deceased husband in NJ?
The important step is to open an estate. The executor of the estate will deal with the debts and assets. If the debts are joint responsibility, they won't go away.
Does your husband no longer have a credit history if he has been unemployed for 10 years even though you have joint credit accounts?
If you have joint accounts that have been open and active in the past 7-10 years, your husband has a credit history. Credit history has nothing to do with the status of his employment.
Is it legal for Husband take your credit card from purse?
If it is a joint account. probably not.
Is the new spouse reliable for child support in pa?
No, but if arrears exist, joint assets and credit may be affected.
Should a wife pay her husband's credit cards payments after he has died?
If the surviving spouse is not a joint account holder, and does not live in a community property state they are not responsible to pay the debt(s). If required by state law, debts and assets are filed in Probate Court. Where the distribution of assets and payment of debts will be decided.
If your husband is the primary card holder does that give you credit history in a joint account?
Yes, as long as your listed as a "Co-signer" on the account. Credit is not build if you are just an "Authorized User" if this was a credit card account. Lastly, this all assumes that whatever this joint-account is that it reports to credit.
Is the wife responsible if husband is using her credit card for illegal activities?
If they are joint user of the account, yes she is responsible
Is a wife who is not a joint account holder responsible for her husband's credit card debt in Illinois?
Illinois is not a community property state, therefore a spouse who is not a joint account holder is not responsible for the credit card debt of the other spouse.
If you marry a man that owes child support in Minnesota but you get married in Wisconsin can they take your wages?
No, but if there are arrears, it can affect your credit and joint assets. see link
Is it right for husband and wife to have a joint bank account?
Of course. They have chosen to share a life together and that means they should also share all their assets equally.
If the husband owns the credit card and adds his wife to the card and he opens another credit account against that credit card does that affect her credit score?
If the husband adds the wife as a "joint" it will show on her credit report but will most likely not be counted against her if she tried to apply for a loan. If the husband adds the wife as an "authorized user" it will not even show on her credit report because she has no legal obligation to pay the credit card bills, but she has the right to use the card.
Does your bad credit affect your husband if he has good credit?
Actually I think that the only way it can hurt him in any ways is if you are trying to fial joint to like buy a car or a house or such.
