Comments on: Can Your Spouse Hurt Your Credit Score? The Good, The Bad, And The Ugly http://www.askmrcreditcard.com/creditcardblog/can-your-spouse-hurt-your-credit-score-the-good-the-bad-and-the-ugly/ Latest Credit Card News, Reviews and Information Sat, 07 Nov 2009 23:38:59 -0600 http://wordpress.org/?v=2.8.5 hourly 1 By: Fina http://www.askmrcreditcard.com/creditcardblog/can-your-spouse-hurt-your-credit-score-the-good-the-bad-and-the-ugly/comment-page-1/#comment-107196 Fina Thu, 14 May 2009 03:10:10 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=648#comment-107196 My finacee and I plan on getting married soon but I'm a little hesitate because I have bad credit and he has excellent credit. Is there a way to guard his credit so that when we do tie the knot it doesn't effect his score?? Can you point me in the right direction My finacee and I plan on getting married soon but I’m a little hesitate because I have bad credit and he has excellent credit. Is there a way to guard his credit so that when we do tie the knot it doesn’t effect his score?? Can you point me in the right direction

]]> By: JWC http://www.askmrcreditcard.com/creditcardblog/can-your-spouse-hurt-your-credit-score-the-good-the-bad-and-the-ugly/comment-page-1/#comment-100074 JWC Tue, 03 Mar 2009 16:32:56 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=648#comment-100074 I owe a substantial amount on credit cards and am trying to pay it down. My wife has no idea that the balance is so high as the cards are in my name only and I make the payments. I am 69 years old and am concerned about passing this debt to my wife in case of death before I am able to pay it off. Would she be responsible even though she did not co sign for the cards? Practically all of our assets are in her name. Assuming that she would be liable, what do you think about a term life policy to cover the debt? I am in pretty good health and should have no trouble qualifying for at least a standard rate. I owe a substantial amount on credit cards and am trying to pay it down. My wife has no idea that the balance is so high as the cards are in my name only and I make the payments. I am 69 years old and am concerned about passing this debt to my wife in case of death before I am able to pay it off. Would she be responsible even though she did not co sign for the cards? Practically all of our assets are in her name. Assuming that she would be liable, what do you think about a term life policy to cover the debt? I am in pretty good health and should have no trouble qualifying for at least a standard rate.

]]> By: Marcia http://www.askmrcreditcard.com/creditcardblog/can-your-spouse-hurt-your-credit-score-the-good-the-bad-and-the-ugly/comment-page-1/#comment-83277 Marcia Fri, 19 Sep 2008 15:20:24 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=648#comment-83277 My question is: if my husband open a credit card and got me a credit card and that account how would that affect my credit score if I want to take my name off the account. I dont want the credit card. My question is: if my husband open a credit card and got me a credit card and that account how would that affect my credit score if I want to take my name off the account. I dont want the credit card.

]]> By: Money Hacks Carnival #30~Fall is in the Air Edition | On a Quest To Be Debt Free... http://www.askmrcreditcard.com/creditcardblog/can-your-spouse-hurt-your-credit-score-the-good-the-bad-and-the-ugly/comment-page-1/#comment-83010 Money Hacks Carnival #30~Fall is in the Air Edition | On a Quest To Be Debt Free... Wed, 17 Sep 2008 10:07:48 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=648#comment-83010 [...] Credit Card presents Can Your Spouse Hurt Your Credit Score? The Good, The Bad, And The Ugly posted at Ask Mr Credit [...] [...] Credit Card presents Can Your Spouse Hurt Your Credit Score? The Good, The Bad, And The Ugly posted at Ask Mr Credit [...]

]]> By: Dan Ray http://www.askmrcreditcard.com/creditcardblog/can-your-spouse-hurt-your-credit-score-the-good-the-bad-and-the-ugly/comment-page-1/#comment-82578 Dan Ray Sat, 13 Sep 2008 15:06:25 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=648#comment-82578 Excellent piece. The governing law is the Equal Credit Opportunity Act, a law passed in 1974. It intent was noble -- to help married women (particularly, those who are stay-at-home housewives) establish credit in their own names. It requires creditors that provides information to credit bureaus to report payment activity for both spouses on joint credit accounts and on accounts where a spouse is an authorized user. As you point out, the knife cuts on both sides. In a divorce, bad behavior by either party damages the other's credit score. Excellent piece. The governing law is the Equal Credit Opportunity Act, a law passed in 1974. It intent was noble — to help married women (particularly, those who are stay-at-home housewives) establish credit in their own names.

It requires creditors that provides information to credit bureaus to report payment activity for both spouses on joint credit accounts and on accounts where a spouse is an authorized user.

As you point out, the knife cuts on both sides. In a divorce, bad behavior by either party damages the other’s credit score.

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