Is a spouse liable for credit card debt?

Samantha Wintheiser asked a question: Is a spouse liable for credit card debt?
Asked By: Samantha Wintheiser
Date created: Sun, Mar 7, 2021 11:06 AM



Those who are looking for an answer to the question «Is a spouse liable for credit card debt?» often ask the following questions:

✔️ Does spouse inherit credit card debt?

Am I Responsible for My Deceased Spouse's Debt? When your spouse dies, their debt survives, but that doesn't necessarily mean you're responsible for paying it. The debt of a deceased person is paid from their estate, which is simply the sum of all the assets they owned at death.

✔️ Is a spouse liable for student loan debt?

If you cosigned on your spouse's student loans at any time, whether they're federal loans, private loans, or refinanced loans, that means you are legally liable for those student loans… If your spouse dies or is otherwise unable to pay back their loans, the lender will look to you to pay them back.

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✔️ Am i liable for my spouse’s credit card debt?

Under some circumstances, you can be held liable for your spouse's credit card debt. Whether you might be responsible for this debt depends on: where you live.

9 other answers

In common law states, you're usually only liable for credit card debt if the obligation is in your name. So, if the credit card is only in your spouse's name, you're typically not liable for that debt. But keep in mind that if you have jointly owned assets, then the credit card company can still go after your spouse's interest in that property.

And in case your spouse passes away, you would generally only be liable for their credit card debt if you are a joint account-holder or co-signor on the account. However, the executor of the ...

Even if one spouse was not originally liable for the debt, he or she may be liable if the family court judge assigns the debt obligation to him or her. Being assigned certain debt does not change the contractual terms between the spouses and the credit card company because the family court does not have jurisdiction over this contract.

Any credit card debt belonging to your spouse that was incurred during the marriage, even if your name is not on the account or you're not a cosigner Sometimes, there are exceptions to the rules. During divorce proceedings, the judge has the right to assign a credit card debt to you, even if you aren't technically liable for it.

One of the most common debt concerns for customers is how their debt could affect their partner or spouse. Marriage and debt can be a tricky topics and there are many misnomers and myths about which debts you might be jointly liable for with your spouse.

If there is a joint account holder on a credit card, the joint account holder owes the debt. A joint account holder is different from an “authorized user.” An authorized user is not usually responsible for the amount owed. If state law requires a spouse to pay a particular type of debt.

Your spouse-to-be has $10,000 in credit card debt in their name. Neither of you would be responsible for the other person's debt in that scenario. The exception is if one of you acted as a co-signer for the other person or if you opened a joint credit card account.

But if your husband left behind assets, and you are in a community property state, you may be liable to repay the debt using those assets. If that is the case and you truly cannot see a path forward to paying off the credit cards, you do have a few options.

While the deceased husband’s estate might be required to pay for the debt, the surviving spouse is not directly liable if she never signed a contract. Even if the surviving spouse was an authorized signator on the credit card account, she is still not liable for the debt. You don’t have to sign a contract to have a credit card issued to you ...

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