Sentences with phrase «joint credit accounts»

It will affect you negatively if you open joint credit accounts and these joint accounts are not paid on time.

It's a bad idea to close joint credit accounts.

For all of the different types of joint credit account holders, something could happen that puts a strain on the relationship.

Joint accounts allow either spouse to use the credit card freely and without permission of the other, and joint credit account information is included on both spouse's credit reports, according to the Federal Trade Commission.

Most data providers also leave out the applicant's year of birth and any references to a spouse, such as joint credit accounts, to keep the potential employer from inadvertently violating equal employment opportunity laws.

Maintain the financial status quo: do not deplete joint bank accounts, or abuse joint credit accounts.

Rather, the financial issues that are embroiled in the divorce process often involve joint credit accounts, and those very much affect your credit history and credit scores.

Opening a joint credit account or receiving joint financing means that both of you are legally responsible for repaying the debt.

Joint credit accounts you have with your spouse will appear on both credit reports.

If you have any joint credit accounts with your ex-spouse — mortgage, credit cards, etc. — someone has to pay them.

What You Should Know About Credit and Divorce — While having joint accounts may help you and your spouse get loans or new credit cards, if you get a divorce, you are still responsible for making payments on your joint credit accounts if your ex fails to pay them.

Begin to establish credit in your own name and close all joint credit accounts right away to prevent «revenge» spending.

Review any joint credit accounts with your soon - to - be ex-spouse and ensure they are closed or the appropriate name is removed from the accounts.