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In Louisiana, either spouse can request to cancel a joint credit card account, as both are typically considered co-owners. However, it is advisable for both parties to agree on such actions to avoid potential disputes or negative impacts on credit scores. It's also important to ensure that any outstanding balances are settled before cancellation. Always check the specific terms of the credit agreement, as some may have particular stipulations regarding account closure.
What else can I help you with?
If you have bad credit will it affect the credit score of your spouse?
Your credit standing alone won't affect your spouse's credit. The only way your spouse's credit would be affected along with yours is if you jointly hold accounts and then fail to pay them.
When you get married, does your credit combine with your spouse's credit?
When you get married, your credit does not automatically combine with your spouse's credit. Each person maintains their own credit history and score, but joint accounts or loans can impact both individuals' credit.
When you get married, does your credit combine with your spouse's?
When you get married, your credit does not automatically combine with your spouse's. Each person maintains their own credit history and score, but joint accounts or loans can impact both individuals' credit.
If you get married how will your credit reports and bankruptcy affect your future spouse's perfect credit?
Your credit follows you individually. If you have joint accounts then they appear on both of your credit reports.
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.
Will your medical bills be reported on your spouse's credit?
No. Credit reports show individual and joint debts, but not as husband and wife. For example, a married couple hold a joint mortgage it will be on both of their credit reports, individual accounts including medical bills will only appear on the CR of the spouse who incurred the debt.
Why can't I cancel a policy that I am paying for on a spouse that I do not want?
If you cannot cancel a policy that you don't want that you are paying for on a spouse you need to contact the company which provides the policy. Most companies should allow you to cancel a policy.
Can spouse cancel insurance on his pregnant wife?
IS THIS FOR REAL?
Can a spouse with good credit cosign a student loan for their spouse with bad credit?
That is decided by the LENDER.
When your spouse passes away how can you find out if you were listed on any of their credit accounts or responsible for any debts?
Check the billing statements to see if only one spouse's name appears. In most cases joint marital accounts will have both spouse's on the billing statement. In lieu of that call the customer service department of the credit issuer. Please be advised, some customer service reps. are not versant in state laws and may impart faulty information. When a married couple reside in a community property state both spouse's are generally held accountable for debts; regardless of which one is the account holder or the name on the billing statement. Check your credit report and you should see any accounts that have your name on them.
If you file bankruptcy then get married does your spouse get bad credit too?
No, your credit works independently of each other. Most couples share bad credit because they share the liability for the credit accounts. Thus, when they fall behind on payments both their credit is affected. In the case where credit was obtained independently of each other, the bad credit will not carry over to the other upon marriage unless the spouse agrees to becomes a co-signer and agrees to become legally obligated for the debt.
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.
