Can my wife’s credit card debt affect me?
But in addition, debts incurred by you or your spouse during your marriage, regardless of whose name is on it, are generally deemed to be community debts, and both spouses are considered equally liable.
So, even if the credit card debt was incurred by your spouse alone, you might be liable for it..
Can you financially separate from your spouse?
As with any separation, the more civil you and your spouse can be, the smoother your dividing of assets will go. There is no easy way to separate from your spouse, but there is a way to make the process much more manageable. Don’t put you or your spouse into debt over your separation.
Can I cancel my husband’s credit card?
If the credit card is in your husband’s name, then he can cancel the card if he wishes to do so. It would be best for you to have a conversation with him regarding money and each of your goals. It may be that he felt that you were spending too much money or there may be another reason.
Does removing an authorized user hurt credit?
The Impact of Being Removed If you’re the primary account holder, removing an authorized user won’t affect your credit score. The account will continue to be reported on your credit report as normal.
How do you take a credit card off someone else’s name?
You cannot open a credit card in someone else’s name because it’s against the law. To even attempt it, you would need to use their name, personal info, and SSN. This is identity theft, a.k.a a crime. So, if you want to open a credit card, open it in your name only.
Is it better to cancel unused credit cards or keep them?
In general, it’s best to keep unused credit cards open so that you benefit from a longer average credit history and a larger amount of available credit. Credit scoring models reward you for having long-standing credit accounts, and for using only a small portion of your credit limit.