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I suspect that Colorado is no different than any other state. Credit card accounts are contract based. Those responsible for a contract are those who sign it. As long as the wife is not on the account, she cannot be held responsible for it. However, here's the hitch, in most states the estate of the deceased is responsible for any debt. All debts must be paid out of the estate before it can be disbursed to heirs. The wife being an heir, cannot receive any death benefits, insurance claims, saving or investment accounts, etc. until the debts owed are reconciled.
What else can I help you with?
Are you responsible for husbands credit cards if he dies?
im sure this is a no the person responcible should be the insurance company
Is wife responsible for dead husbands credit card debts in ny?
Yes, if you share assets then the credit companies will consider you responsible and come after you for the unpaid debt. You may consult a credit councelor, they may have a loophole that the general public doesn't know about.
Is the husband responsible for a credit card debt if he and his wife are not legally divorced but she has credit cards in her name only and racks up a large debt?
Yes, you are married. For years I didnt even work or have credit cards, but I established credit due to my husbands last name, because we are married.
Is spouse responsible for husbands debts in Arkansas?
yes only if married at the time or unless if their credit cards no
If you are an authorized user on your husbands credit cards and you are getting a divorce can you be sued for the balance if he is incarcerated?
No. As an authorized user, you are not legally responsible for his debt. Now, credit score wise, even though you did not create the soon to be bad debt, it still shows up on your credit report.
How do credit cards build credit?
Credit cards aid to build credit history in the same manner that any debt, whether it is from purchasing a car or by just paying rent. Be responsible with credit cards. You should not overspend.
How will having more credit cards help to build credit?
Having more credit cards can help build credit by increasing your available credit limit and demonstrating responsible credit usage, which can improve your credit score over time.
What would constitute a responsible use of credit?
A responsible use of credit is paying off your credit cards each month. Another example of using credit responsibly is using it when you need it only.
What are some perks of owning a credit cards?
That means that you are responsible enough to have a credit card. And you can buy things!!
Does paying off credit cards hurt your credit score?
Paying off credit cards can actually help improve your credit score by reducing your overall debt and showing responsible financial behavior.
Do teens become more responsible by having credit cards?
Yes, but only give it to them if they are responsible or you will have money issues. :)
Can you remove your name as auth user on husbands credit cards?
Yes, you can remove your name by writing the credit card company. You could also customer service and have your name removed.
