The debt may be your responsibility, everything is shared on a joint account. Even if you weren't the one who incurred the debt, if for some reason the other party can't meet their obligations (financial hardship, disappeared overseas, or died, for example) then you'll be liable for it instead.
You will have to check with your Institution to find out their policies to remove someones name from a joint bank account without their authorization.With most banks, you will have to have their signature to remove them from the account.
Typically any bank account you open will have your social security number on it, which is how your debts are listed, which is how any new account you open will be frozen also. It doesn't matter where you are (at least in the US), it will happen, especially if it is a debt to the IRS. You may want to talk to an attorney if you need to open an account.
Yes
Yes, both you and your wife can have a joint PayPal account. PayPal allows for joint accounts, which can be set up by adding another person as a secondary account holder. This allows both individuals to have access to and manage the account together. However, it is important to note that both parties will have equal access and control over the account, so it is essential to establish clear communication and trust when sharing a joint PayPal account.
A friend of mine faced this before. he closed the joint bank account and opened one in his name only. canceled the credit cards and placed an AD in the classifieds that he was responsible for his debts only.The wife can get credit on her own and if she fails to pay the bill the husband can still be held responsible for the debt. Good Luck.
Buy it.
Nope!I didn't get on mine in a year and it didn't!
I got mine at Target a couple of years ago...
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On answerThere is no way of finding out. Debt collectors buy debts in bundles not single bills.....hoards of them at once so to single out how much each bill was isn't possible - although I would say nearly HALF the original debt!More inputAbout 1 year ago, I was planning to open a collection company along with a friend of mine who owns a law firm.As per my analysis, the debt buyers buy debt at the following ratio $1000:$1Which means, they pay $1 for $1000 worth of debt.:) Fantastic, isn't it.FYI..... The banks lose almost nothing, after selling this debt to debt buyers, they file this debt as bad debt and get a tax exempt. Not to forget, the majority of the debt is different types of fees combined together.The poor guy who suffers is the debtor. Harassing phone calls from collection companies, legal notices and what not. The debtor also has to pay tax on bad debt, declared by bank. This is my knowledge. Please read and follow at your own risk.
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