She can transfer the balance onto a new card. It is known as a 'Balance Transfer'.
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.
No, if the wife is not an authorized user on the credit card then it does not affect the wife's credit report. So the late payment will only be on the husband credit report.
No, because when the credit card company access the credit bureau, they access the name who applies for the credit card, not the spouse's name. It's the primary cardholder who is fully responsible for the debit. If the wife gives her husband an authorized user card from her credit cards and the husband doesn't pay. The wife's credit card will be destroyed if she doesn't pay the debit (even the charges he makes) So make sure you both keep your credit cards separate so that you both maintain your own good credit histories. Especially (heaven forbid) you both separate/divorce
In most cases, no. Per credit card company rules, the person who signed the back of the card is the only person allowed to use it, and if the signature on the back of the card doesn't match the signature on the charge draft, then an ID check is triggered and the retailer has to verify that the person presenting the card is the person named on the card. It has to be that person, not their husband/wife/etc. If the husband/wife is an authorized user on the wife/husband's account, the credit card issuer would issue an additional card for that authorized user.
In most cases, no. Per credit card company rules, the person who signed the back of the card is the only person allowed to use it, and if the signature on the back of the card doesn't match the signature on the charge draft, then an ID check is triggered and the retailer has to verify that the person presenting the card is the person named on the card. It has to be that person, not their husband/wife/etc. If the husband/wife is an authorized user on the wife/husband's account, the credit card issuer would issue an additional card for that authorized user.
yes she can ----------------------------------------- http://www.bestcreditrates.net
Modification to question... If your mother-in-law created a credit card account in your wife's name when she was a minor with the mother-in-law as a co-signer, and your wife did not use the card but the mother-in-law did, who is responsible for the balance?
the wife
No.
Yes!
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.
No, if the wife is not an authorized user on the credit card then it does not affect the wife's credit report. So the late payment will only be on the husband credit report.
No.
No
In most cases, no. Per credit card company rules, the person who signed the back of the card is the only person allowed to use it, and if the signature on the back of the card doesn't match the signature on the charge draft, then an ID check is triggered and the retailer has to verify that the person presenting the card is the person named on the card. It has to be that person, not their husband/wife/etc. If the husband/wife is an authorized user on the wife/husband's account, the credit card issuer would issue an additional card for that authorized user.
no
Fraud