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If you and your spouse have separate credit card accounts are you liable for your spouse's balance if he defaults?
The extent of liability depends on whether the married couple reside in a community property state and if so, if the accounts were established during the marriage. Married couples residing in community property states, other than Wisconsin and Texas are usually equally responsible for debts regardless of which spouse is the account holder.
What else can I help you with?
Is a spouse responsible for living spouses debt if they are not listed on the accounts?
They are typically going to be held responsible. The debt is used to buy goods and services. The spouse is considered to have benefited from these debts.
Do they factor in the spouse's debt for a home loan if you are the only person on the loan with the highest income and credit score?
Your loan will not be affected by your spouses debt as long as you are not associated with her accounts thru those companies.
How do you access my spouses chacking accounts?
At my financial institution, you must be listed as an owner of the account in order to obtain any financial information. If your spouse is the sole owner of the account, the bank should not tell you anything.
How can you get your name off the credit report if your ex let the joint credit card get charged off and the truck was repossessed?
The divorce is of no consequence. If your spouse and their ex opened joint accounts while they were married, they are jointly liable for those accounts and both credit reports will reflect the history. A divorce never supercedes any other contract. You mentioned that the accounts were "both in other spouses name". If that were true, the accounts would not be on your spouse's credit report in the first place.
Can I transfer my HSA funds to my spouse's HSA account?
No, you cannot transfer your HSA funds directly to your spouse's HSA account. Each individual's HSA account must be separate and cannot be combined or transferred between spouses.
Will your spouses credit be effected if you file bankruptcy alone?
In a perfect world, the answer would be NO. However, if you have any joint accounts or have separate accounts with the same creditor, it would be advisable to monitor your credit reports for any adverse entries in your wife's name.
Does Virginia Law allow spouses to have separate Insurance policies?
Spouses are allowed to carry separate insurance policies, as there are no laws stating otherwise. However, it is generally more cost effective for spouses to carry one together.
If the primary creditor defaults on credit card will the secondary's credit rating be affected if they're not spouses?
Credit scores are kept separate, unless the account in default is a joint account. However, if you are a co-signer you will be contacted about the debt. If you are unable to pay or cannot negotiate a settlement. It will turn up on your credit report.
Are you responsible for your future husbands back child support in the state of Oklahoma?
No. Only the biological parents pay for their children, not the new spouses. Make sure you talk about and address the situation before you get married. It's a very common reason for divorce. You would be wise to maintain separate bank accounts.
Why can't Jewish people be buried together?
Jewish spouses are normally buried next to each other in separate graves.
In what circumstances can separate property become community property?
Separate property can however, become community property through a process called \"commingling \". This happens when separate property is mixed or \"commingled\" with community property. If, for example, a spouse deposits his inheritance into a joint bank account where both spouses make withdrawals and deposits, the inheritance could at some point be considered \"commingled\" and part of the marital assets.
What percent of marriages have separate banking accounts?
I don't have the actual numbers, but I do know that it's quite common for many married couples to have separate checking accounts. This is often more convenient for them, since many of them split the household bills when both spouses are employed. Also, if one spouse's income is enough to pay the monthly bills, they will put the other spouse's paychecks into a savings account and live off just the one income in order to save for a house, retirement, or just to have a financial safety net in case of a crisis, such as one of them losing their job or a major illness.
If you marry after filing bankruptcy does your credit score affect your spouses credit score?
You can do it either way. It mostly depends on the financial situation you are in and if you have joint accounts or single accounts. Just went through this. Most of the bills are in my name so my husband didn't have to do it.But your lawyer will advise you on the best way to file. Hope this helps.
Is a spouse responsible for living spouses debt if they are not listed on the accounts?
They are typically going to be held responsible. The debt is used to buy goods and services. The spouse is considered to have benefited from these debts.
What is a property agreement between spouses and how does it impact the division of assets in the event of a divorce?
A property agreement between spouses is a legal document that outlines how assets and debts will be divided in the event of a divorce. It can impact the division of assets by specifying which assets are considered separate or marital property, and how they will be distributed between the spouses. This agreement can help clarify ownership rights and prevent disputes during the divorce process.
Can a spouses income be used for determining child support in illinois?
Spouses are not responsible for their spouse's child(ren). However, to collect unpaid support, the State may place liens on real and personal property, including bank accounts, owned by the obligor, even though the spouse is a joint owner.
Do they factor in the spouse's debt for a home loan if you are the only person on the loan with the highest income and credit score?
Your loan will not be affected by your spouses debt as long as you are not associated with her accounts thru those companies.
