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If one spouse has an unpaid tax lien on their credit can the home loan be put in the name of the other spouse with no problems?

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2006-01-05 14:45:32
2006-01-05 14:45:32

No!!

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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.

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It depends on how bad the credit of the other spouse is. If their credit isn't at least decent, getting a joint loan will be based upon the FICO scores of both parties. You won't get to choose the higher score in order to get a good rate. So, it would be best to get separate financing until the spouse with the poor score improves their credit.

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In North Carolina the estate of the deceased is responsible for the debts. Indirectly, the spouse is going to pay the debts, either by a smaller inheritance or as a beneficiary of the goods and services purchased by the spouse.

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If the two of you are married, I believe you are responsible.

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first you can try to contact the credit bureu equifax or the other ones, or go online to budhibbs.com he may have the complete answers.

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If the surviving spouse was not an account holder then he or she is not responsible for repayment of the debt. FYI, authorized users are likewise not legally responsible for credit card debt as it is assumed the AU has no control over how the account is handled.

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Only if the married couple reside in a community property state or the spouse is a joint account holder. An "authorized user" is not considered an account holder and is not legally responsible for debt incurred on a credit card account.

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This answer will vary from state to state because of the penal systems but here is a stock answer. In order to apply for credit the person whose name appears as the account holder whether it is a credit card, car loan, personal loan or even a bank account that person must sign the credit application accepting the terms and in most cases swearing that the information given is true and accurate as well as authorizing the creditor to do a credit investigation. For a spouse to open an account without the other spouses knowlege or consent is a crime similar in character to that of identity theft or credit card fraud because they would have to fraudulently sign the other spouses name to the application. This is most common abuse is on credit card applications because the persons receiving the information from the applicant is not in front of them and they have no idea if the person whose name appears signed it or not. If your spouse did indeed sign your name to a credit application for the purpose of defrauding the credit card company that is a felony and in some states could have other related charges attached. If your spouse or ex-spouse did this you should contact the credit card company immediatly and request them to send a copy of the completed and signed credit application and inform them that you did not sign the application. Hope that was helpful. Ah, there is an exception to that if the spouse has a power of attorney over the financial affairs of the other spouse or parent which authorizes them to solicit credit on their behalf.

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Typically they are going to be responsible. Both are considered to have benefited from the transactions.

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To answer your question: No, the credit of one spouse will not effect the credit of the other in any way. The only time the credit of one spouse will effect that of the other is when both open a joint loan, or joint credit account, in which case those specific accounts will be reported to both of your credit histories. That's it! :o) Hope this answers your question. the last answer is correct. I would just like to add that as a stay at home mother with a husband with bad credit, I am severly affected. His bad credit is 6-10 years old, my credit is immaculate. We can not get a car or a house on credit, we have to pay cash for everything. we can not use my "perfect" credit because I do not work. We can not get approved jointly, and he can not get approved alone because of his horrible credit(even though he makes more than 100,000 a year). If you marry into bad credit it does not affect your score, but it may affect your life.

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Depends who's name is on the mortgage. If both names are on, then you would need both spouse's to take out a home equity line of credit.

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The is no SOL for unpaid parking or other traffic citations.

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If you are not a company that reports unpaid debts to the credit bureau's, you can turn the debt over to a collection agency who does report. The other way is to obtain a judgment against them and it will automatically be reported by the courts.


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