How to deal with wife's credit card debt? : r/povertyfinance - Reddit

Credit scores go by metrics like oldest active credit card and total credit limit. This way her established credit history and total credit available to her stays the same and once you pay the …

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Joint Account Was Seized Due To Wife’s Credit Card Default ... - Reddit

3 weeks from now

Listen. Get a debt attorney to contact the collection agency, or do it yourself. Advise them you have $1500 (or less), and wife will be filing bankruptcy. Get it in writing in an email agreeing to …

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Wife & I Have About $40k+ In Cc Debt, Haven't Paid Any Of The

3 weeks from now

The credit card situation mostly just started off from us being college grads, buying expensive things in our first apartment, etc etc. My wife will be making a little less than she was before, …

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Having A Hard Time With Credit Card Debt And I Don’t Know ... - Reddit

3 weeks from now

Over the past two years I’ve accumulated over $5000k in credit card debt and even with my full time job I’m having a hard time keeping up. Between bills and five different credit cards with all …

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20,000 Dollars In Credit Card Debt : R/povertyfinance - Reddit

3 weeks from now

Something that helped me was a 0% balance transfer promo on a credit card, since it let me take a break from interest on a large portion of my debt. That's risky as a first step though, since …

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FAQs about How to deal with wife's credit card debt? : r/povertyfinance - Reddit Coupon?

Is my wife responsible for my credit card debt if I divorce?

If your wife had a credit card account before you got married, you aren't responsible for your spouse's credit card debt no matter where you live, even in common law states. If you divorce, the credit card debt your wife had before the marriage remains her responsibility, not yours, and will be a part of the separation agreement or divorce decree. ...

What if my wife got a credit card without telling me?

If you're thinking, 'my wife got a credit card without telling me,' and now you have this debt you didn't know existed, you're probably worried, and for good reason. First, you must find out if your name is on the credit card. Is a Spouse Responsible for the Credit Card Debt of the Other Spouse? ...

What happens if my wife runs up credit card debt?

However, if your wife runs up credit card debt during the marriage, and you live in a community property state, the debt typically will get split evenly between you and your spouse if you divorce because it becomes community debt. This is true even if you have separate accounts. ...

What happens if a spouse owes a credit card?

First, the good news: The credit card debt your spouse acquired before marriage does not transfer to you, partly or wholly. It remains the financial and legal responsibility of the person who brought it into the marriage. Should that person's debt go unpaid, your assets would be protected from collections. ...

What should I do if my wife has credit card debt?

Avoid pointing fingers or placing blame for the number of credit card debts. Instead, take inventory of the situation together and discuss ways you can handle it. If you can't afford the amount of credit card debt your wife created, contact the credit card issuer to discuss your options. ...

Are you liable if your spouse racked up credit card debt?

You are equally liable for the consumer debt if you and your wife have joint credit card accounts. Even if your spouse racked up the debt without talking to you, the debt must be repaid. If neither party pays it, both credit scores will suffer from non-payment. ...