expensive chapter Adviser,
i am an authorized consumer on my ex-husband’s credit card. he is submitting bankruptcy. I made costs on the bank card sooner than the divorce. Can the bank card firm try to acquire the balance from me? Why is the cardboard on my credit record if i’m not the responsible birthday celebration? am i able to get the card deleted from my report?
You ask some strong questions. it’s cheap that you do not need your ex-husband’s bankruptcy to impact your credit score and even more comprehensible that you don’t want to pay his debts. when you did make some costs on the cards, he it sounds as if authorized you to try this and agreed to be answerable for these costs.
Can the collectors come after me?
I practice in California, which is a neighborhood property state. In a community property state, most property and debt acquired throughout the marriage is owned and owed via each spouses.
neighborhood property states
- New Mexico
*be aware: Alaska isn’t identified as a group property state but lets in couples to choose in to a neighborhood property relationship.
That being stated, i haven’t seen collectors go after the partner until that spouse additionally signed on the account — no longer just as a licensed user. As I say above, you’re legally accountable when you live in a group property state after which racked up the debt right through your marriage, however in many instances the creditor would relatively just cost off the account and go after those individuals who own the account outright.
Now, it is very important level out that the credit card company could nonetheless go after you. I regularly handle bank card, private mortgage and scientific debt in chapter. perhaps your ex-husband defaulted on a mortgage with an individual particular person or on a Small industry Administration, or SBA, loan. it is more likely that the nonsigning partner may be sued in these circumstances.
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In all other states, often called popular legislation states, I consider that the nonsigning spouse can not be sued for the debt. whereas i do not apply in any noncommunity property states, I consider your signature must appear on the mortgage application for the lender to go after you to pay on the debt.
Why is the card displaying up on my credit score document?
The account seems on your credit record as a result of it’s an active line of credit score in your title. whilst you might not be dependable on the account because you didn’t sign the applying, you need to ask for the credit line to be eliminated. collectors suppose you want to have the account suggested to the credit bureaus, however they’re going to cease reporting the account while you tell them to put off it.
Experian, 1 of the three main credit score reporting bureaus along with Equifax and TransUnion, routinely eliminates any authorized consumer account that incorporates negative cost history. Equifax and TransUnion record sure and poor history unless you may have the account eliminated.
can i get the account eliminated?
yes, you can. The creditor does not must record that account to the credit bureaus. normally, one spouse adds some other spouse on an account as an authorized consumer to lend a hand raise his or her credit.
name the corporate and see whether or not that you may erase the account verbally or whether or not it’s important to make the request in writing. you could still use the account even after taking away it from your credit file until you might also like to remove your identify from the account.
with a bit of luck this solution relieves some stress. As you might be learning, it’s a must to all the time take care of your credit score with the best of care.
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