The only way a debt collector can garnish your wages is if you owe Tax liens, or child support. Other then that, it is not possible for them to do this legally. If you are the only one responsible for this debt, and your husband is not the co-signer, then he is not responsible for this debt. The worst thing that will happen is that you receive phone calls daily from a collection company requesting a payment. If you need further instructions, feel free to read the other articles that I have answered pertaining to this.
Good luck!!
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.
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.
No, the only thing that would affect their credit is the joint account, so just make all the payments on time.
No you must close the account.
You can remove yourself from the account. Keep in mind that if it is a joint account you are still equably responsible for the debt incurred.
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 it is in a joint bank account and you reside in a community property state, Yes!
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.
Only if the person were a joint account holder. The account holder is the only person responsible for the debt (exception for married couples in community property states). However, if the parties own joint property, it is possible for a lien to be placed against the debtors share of that property.
Yes, anytime you open a new credit account, even if it is a joint account, it is reported on your credit report either when it is opened or when it is unpaid.
No, only the primary cardholder's credit score is affected.
Yes, that's how it goes.
If the account was not joint, and the person was either not married or was married and did not live in a community property state, the debt becomes part of the estate and is subject to state probate procedures. Joint account debt becomes the responsibility of the surviving account holder. Debt incurred by a married couple that lived in a community property state, regardless of a joint or single account, becomes the responsibility of the surviving spouse.
You can't. The funds are the property of the surviving joint owner.You can't. The funds are the property of the surviving joint owner.You can't. The funds are the property of the surviving joint owner.You can't. The funds are the property of the surviving joint owner.
yes it can, both parties are equally responsible for the account
You can be, although it will be undesirable to the person you're sharing the account with.
If this relates to a joint account holder or cosigner, then yes the person's credit rating will be affected by a repossession. Yes, whoever's name the car is in will be affected by the car's repossession. Only if the car is somehow tied to the account. Only a bad payment history on that joint account can affect your credit.