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If it is debt you built up before marrying your spouse, then it is solely your financial responsibility to repay the loan. Some couples decide to consolidate debt by rolling all their accounts into one or applying for joint ownership, but this is something that is up to them. If it is an account you opened after you said your vows, many states allow you to specify whether the account is single or jointly owned.
What else can I help you with?
Is a secured credit card considered a major credit card?
No, a secured credit card is not considered a major credit card. It requires a security deposit to establish a credit limit and is typically used to build or rebuild credit.
Is a credit card considered a secured or unsecured loan?
A credit card is considered an unsecured loan.
If your are 17 years old and married can you get a credit card?
can i get a credit card im 17years old married and have a job and a kid
Are spouses responsible for credit card debt in Kansas?
If you are a joint applicant, then yes, but if the card is not in your name, then no.
If someone applies for a credit card and adds a relative as a joint card holder does only the primary card holders past credit come into play?
This all depends on the lender. Many lenders will require that a joint card holder must have a good enough credit score to have qualified for the card on their own, while others will only pay attention to the credit score of the primary card holder and just make sure that any joint holders are free from derogatory information. If you are considering adding someone to your credit card account, or being added to a credit card account, ask them before attempting to do so.
Will i establish credit in a joint account?
== {| |- | Joint credit cards can work both ways. Since the credit card account is placed on both holders' credit accounts, the activity on the card as a whole affects both parties equally. So, if the card is maintained properly, it can help improve credit. However, if one of the card holders abuses the card and ranks up thousands of dollars in debt, it can adversely affect the other holder's credit rating. == Yes. Both good and bad. If you screw up, it will affect your partners credit and vice versa. A good idea for married couples is to keep a joint account, but also each of you keep your own individual account. If you are not married and getting a joint account with someone to establish credit, don't do it. You don't need to do this, and shouldn't. |}
Is a secured credit card considered a major credit card?
No, a secured credit card is not considered a major credit card. It requires a security deposit to establish a credit limit and is typically used to build or rebuild credit.
Is a credit card considered a secured or unsecured loan?
A credit card is considered an unsecured loan.
If your are 17 years old and married can you get a credit card?
can i get a credit card im 17years old married and have a job and a kid
Can you get married if bankruptcy is not discharged?
yes you can but DO NOT SHARE CREDIT WITH THAT PERSON UNTIL THE BANKRUPTCY IS LEAST 4 YEARS OLD. IT WILL ATTACH TO YOU IF YOU GO JOINT INTO A CREDIT CARD OR LOAN. IT BRINGS YOUR RATING DOWN.
Can joint checking accounts be frozen for a husband's credit card debt?
Yes. The only exception is if the married couple live in a state that allows joint marital accounts to be held as Tenancy By The Entirety (TBE).
What happens to a joint credit card when one account holder dies?
Both owners of a joint credit card are equally responsible for paying off the balance on the card. When one dies the survivor is responsible for the full balance.
Is my common law patner responsible for my debt?
Typically, in Alberta anyway, whether married or common-law, unless both persons' names are on the debt - i.e. joint mortgage, joint line of credit, joint credit card, etc. - the other party is NOT responsible for all or even half of the debt.
Can you sign a credit card receipt on behalf of your spouse?
If it is a joint credit card - Yes Otherwise - NO. It would amount to fraud and you can be jailed.
Is the joint owner on a credit card responsible for the debts?
Answer credit cardfrom past experience with my mother in law, you are responsible for the credit card balance The surviving joint account holder would be responsible for the entire amount owed.Credit Card DebtUnfortunantly you will be responsible for all of it.
Is a credit card considered unsecured debt?
Yes, a credit card is considered unsecured debt because it is not backed by collateral.
Is using someone else's credit card considered a felony?
Yes, using someone else's credit card without their permission is considered credit card fraud, which is a felony offense.
