Help Debts

Posts Tagged ‘joint accounts’

Go through those debt consolidation services ( i don’t qualify for a loan) or do credit repair.
I did debt consolidation once like 7 years ago but it says on your credit that your account was closed off because you’re in this program. But I don’t know how credit "repair" works….
Also, can charge offs be put into the debt consolidation programs?
I really want to fix my credit as much as possible and was on disability for like 2 years and that messed me up plus I’ve been going through a bad marriage and now a divorce but none of these are joint accounts.
I live in CA

My husband and I are not together anymore, but are still legally married. He has a lot of past due credit card debt and owes back child support to his ex wife because he hasn’t been working. We have no joint accounts or assets of any kind, but I want to know if legally I should be worried about people coming after me and my money to collect on his debts? We have two kids which live with me and he is not supporting in anyway, I want to make sure my money in my bank accounts will be safe.

I have debt. My husband does not. We don’t hold any joint accounts. He pays his bills and I pay mine (just like if we were single). I pay for groceries. He pays for his (our) house & the utilities.

My husband’s view is that my debt is my debt and mine only. He does not intend to help me pay it down in any way. I have not asked him to and am working on paying it down myself.

He tells me that I’m the reason we can’t move forward in our relationship (buy a new house/have kids) because I have to pay down my debt first.

He has the means to help me pay down my debt. And I’ve explained that if he were to do so, we could move forward in our relationship a lot sooner.

Am I wrong to think he should help me pay down my debt? How did you & your spouse handle debt incurred before marriage?

My thought is that most people combine their money into one account when they get married, they pay bills first, put some money into a savings, and then work on paying off the debt they have between them TOGETHER. Am I completely out of my mind? (Don’t worry – I won’t hold it against you if you say so!)

Help!!
More details: My husband is 35 and I’m 28. I went to a 4 year college, have federal loans (around K) at a minimal interest rate, graduated in 2006 and have 6 more years till they’re paid off. He went to a technical school & paid as he went. I use my credit card for everything and use all my cash to pay it down every month. A bad habit I started long ago and I’m working to change. I was K in debt when we got married (he knew this) and am now about K in debt 2 years later. The source of the debt is not things like Jimmy Choo’s & Prada bags, but too much spent on groceries at Walmart, too much spent on Christmas presents, too much spent on birthday cards, gifts, babyshowers, etc. He makes about K more than I do. No prenup was ever signed or anything like that. And since we’ve been married I’ve been trying to be like him & live within my means. I feel I’m doing a great job. For him, though it’s not getting paid down fast enough.

My mother has terminal throat cancer. She wants me to pay off all her credit card bills with the life insurance, but it’s a very small policy. I want to know if the credit card companies can go after her husband for payment even though none of them are joint accounts. He is not even a signer on any of the accounts.

We have been trying to get a mortgage loan for about 3 years now, with NO luck.
I didn’t think that our credit was that bad, and we pay all of our bills on time. I guess the issue is this..my husband has some old "bad debt" from a divorce that is several years old. I think there are 3 items that have not been resolved..but they are OLD, like 7 yrs. We had an issue where Texas thought he didn’t pay Child Supp. for 3 yrs, but I had all of our reciepts, and resolved it..but though it wasn’t our error, it’s still on his credit

I was reading this morning on www.creditexpert.com and found that "your credit report is not affected when you marry..only the joint accounts show up on your report." So..can I apply for a mortgage in only my name since my credit is better? I’ve been told not, on a couple of instances..
I’ve also heard ..that you can or you can’t use his income as part of your "total household income" without him being on the loan..which is right on that.
Free advice please!