Comments on: Ask MyCreditGroup: Divorce and Debt. Who Pays? http://www.mycreditgroup.com/blog/ask-mycreditgroup-divorce-and-debt-who-pays/ Mon, 24 May 2010 22:32:53 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Nathanael Centeno http://www.mycreditgroup.com/blog/ask-mycreditgroup-divorce-and-debt-who-pays/comment-page-1/#comment-24310 Nathanael Centeno Mon, 22 Mar 2010 08:56:47 +0000 http://blog.mycreditgroup.com/?p=351#comment-24310 An excellent write-up with valid points, I have been a lurker here for a short time but desire to become more included in the future. An excellent write-up with valid points, I have been a lurker here for a short time but desire to become more included in the future.

]]> By: Marc Chase http://www.mycreditgroup.com/blog/ask-mycreditgroup-divorce-and-debt-who-pays/comment-page-1/#comment-23255 Marc Chase Mon, 22 Jun 2009 18:52:04 +0000 http://blog.mycreditgroup.com/?p=351#comment-23255 Folks, Eric nailed it. As we said in the post, if its in your name, and the debt occured after you were married, being divorced does not change the fact. Thanks Eric, all good points (Even for a collector ;) Folks, Eric nailed it. As we said in the post, if its in your name, and the debt occured after you were married, being divorced does not change the fact.

Thanks Eric, all good points (Even for a collector ;)

]]> By: Eric Parker http://www.mycreditgroup.com/blog/ask-mycreditgroup-divorce-and-debt-who-pays/comment-page-1/#comment-23254 Eric Parker Mon, 22 Jun 2009 18:26:23 +0000 http://blog.mycreditgroup.com/?p=351#comment-23254 From my experience, the bank sees the responsibility for payment in whoever the card's name is in. If the card is a joint account (in both of your names), then both parties on the hook for the full amount. Authorized users, however, are not responsible for the credit card. I have seen instances with joint accounts when one ex-spouse declares bankruptcy after a divorce and the bank goes after the other spouse for the full amount. In the courts of some states, it doesn't matter whose name the credit card was in as long as the debt incurred was after getting married, both couples can be legally responsible for it. You might want to ask your ex-spouse to do a balance transfer and get the debt out of your name completely. Hope this helps. From my experience, the bank sees the responsibility for payment in whoever the card’s name is in. If the card is a joint account (in both of your names), then both parties on the hook for the full amount. Authorized users, however, are not responsible for the credit card. I have seen instances with joint accounts when one ex-spouse declares bankruptcy after a divorce and the bank goes after the other spouse for the full amount. In the courts of some states, it doesn’t matter whose name the credit card was in as long as the debt incurred was after getting married, both couples can be legally responsible for it. You might want to ask your ex-spouse to do a balance transfer and get the debt out of your name completely. Hope this helps.

]]> By: Rockey Mas http://www.mycreditgroup.com/blog/ask-mycreditgroup-divorce-and-debt-who-pays/comment-page-1/#comment-23244 Rockey Mas Thu, 11 Jun 2009 03:57:14 +0000 http://blog.mycreditgroup.com/?p=351#comment-23244 hey, love the blog - i will try and keep up with it!! please keep more coming :)I wish I could start a blog hey, love the blog – i will try and keep up with it!! please keep more coming :) I wish I could start a blog

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