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How will the credit card debt be divided between the husband and wife during a divorce when the debt is only in the wife's name?
Wiki User
∙ 15y ago
It is up to the judge to determine who is responsible for repaying the debt owed on that credit card account. Unfortunately for the cardholder, if the husband is required by the court to repay the card, the wife is still responsible for ensuring that those payments are made. If he misses payments, then her credit score will suffer.
Wiki User
∙ 15y ago
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Does a divorce hurt your credit?
The act of divorce does not damage your credit.
Are you responsible for credit card debt in a divorce if you are noy a joint cardholder?
The debt should have been divided appropriately in the divorce decree. If not, the fact that you are divorced and not on the card should insulate them from responsibility.
Is there any way you can repair your bad credit caused by an ex-husband after a divorce was filed?
If an account (credit card, auto loan etc) was held in both you and your husbands name then you are both responsible for the debt. Divorce is one of the biggest reasons many people have derogatory credit. If the court declared that the debt was to be paid by your husband and he didn't, send a copy of the court records with the account information to each of the three credit reporting agencies with a letter requesting your name be removed from the account. Keep copies of all correspondence.
Can a husband who is unable to obtain a credit card use his wife's extremely good credit rating obtain a credit card on line without his wife's knowledge?
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
Can you apply for credit in your husband name?
No, you cannot apply for a credit card in your husband's name without his signature and consent.
Your ex -husband using credit card and not paying which effect your credit you been divorced since 1999?
Notify the Credit Card Company IN WRITING - NOT VIA PHONE OR INTERNET of the date of your divorce (they'll probably want you to send them a CERTIFIED copy of the divorce decree).
Does a divorce hurt your credit?
The act of divorce does not damage your credit.
Are you responsible for credit card debt in a divorce if you are noy a joint cardholder?
The debt should have been divided appropriately in the divorce decree. If not, the fact that you are divorced and not on the card should insulate them from responsibility.
What would happen if you refused to sign loan papers for a new car after your husband told them you would?
Divorce. If your signature was needed because of his bad credit, he will not get the car.
Is there any way you can repair your bad credit caused by an ex-husband after a divorce was filed?
If an account (credit card, auto loan etc) was held in both you and your husbands name then you are both responsible for the debt. Divorce is one of the biggest reasons many people have derogatory credit. If the court declared that the debt was to be paid by your husband and he didn't, send a copy of the court records with the account information to each of the three credit reporting agencies with a letter requesting your name be removed from the account. Keep copies of all correspondence.
My husband and I separated a month ago. He is in Philly suburbs and I have a 1 yr. old and am 5 months pregnant. We need a place to live by the time the baby is born. Can I buy a house?
Buying a house depends on your income and credit. As you are still married, your Husband's credit is also involved. It may be easier to rent until your baby is born and the issues with your husband are resolved through reconciliation or divorce.
Can a husband who is unable to obtain a credit card use his wife's extremely good credit rating obtain a credit card on line without his wife's knowledge?
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
Can you apply for credit in your husband name?
No, you cannot apply for a credit card in your husband's name without his signature and consent.
What can you do about your soon to be ex husband using your Social security number to get credit cards?
First, you should file a police report with the local police. Then contact the legal department or the fraud division of the credit card companies where your husband used your social security number. You should also contact the major credit bureaus and ask how to place an alert to prohibit anyone other than you from obtaining credit by using your social security number. Second, you should speak with your divorce lawyer about this. What your husband has done is a criminal offense and should be brought to the attention of the courts and the criminal authorities. He should be ordered to pay the debts as part of the divorce settlement and close any accounts that were opened using your social security number.
How can I get a loan for a home since my name is on the mortgage of the ex husbands house and in the divorce he is responsible to pay for it?
Divorce agreements are not binding on lenders. If your husband doesn't pay that mortgage the lender will come after you for payment. At the time of the divorce the mortgage should have been refinanced and paid off in return for your interest in the property. Your credit record will show that outstanding mortgage under your name until it is paid off. You should contact the attorney who represented you at the time of the divorce to see if the matter can be resolved now.Divorce agreements are not binding on lenders. If your husband doesn't pay that mortgage the lender will come after you for payment. At the time of the divorce the mortgage should have been refinanced and paid off in return for your interest in the property. Your credit record will show that outstanding mortgage under your name until it is paid off. You should contact the attorney who represented you at the time of the divorce to see if the matter can be resolved now.Divorce agreements are not binding on lenders. If your husband doesn't pay that mortgage the lender will come after you for payment. At the time of the divorce the mortgage should have been refinanced and paid off in return for your interest in the property. Your credit record will show that outstanding mortgage under your name until it is paid off. You should contact the attorney who represented you at the time of the divorce to see if the matter can be resolved now.Divorce agreements are not binding on lenders. If your husband doesn't pay that mortgage the lender will come after you for payment. At the time of the divorce the mortgage should have been refinanced and paid off in return for your interest in the property. Your credit record will show that outstanding mortgage under your name until it is paid off. You should contact the attorney who represented you at the time of the divorce to see if the matter can be resolved now.
Can you sue your absent husband for not paying a credit card he borrowed money on from you?
Can you sue your absent husband for not paying a credit card he borrowed money on, the credit card is in my name only?
How long does divorce stay on your credit report?
10 years
