Sentences with phrase «responsible debt holder»

You may even qualify for reduced interest rates down the line by showing you are a responsible debt holder.

Not exact matches

If you live in a community property state: Alaska, Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin the surviving spouse is responsible for debts incurred by the account holder during his or her marriage — even if the surviving spouse did not cosign.

A co-signer will become responsible for the card debt along with the credit card holder and if the holder fails to pay, he will have to cancel the debt.

It's important to follow this agreement because only the primary account holder is responsible for the debt on the card.

If you and the other account card holder can come to an agreement about who's responsible for which portion of the debt, the creditor may allow you to settle only on the part that you're liable for and let the cosigner continue payments on their portion.

Loan cosigners and joint account holders can be held responsible for debt, and family members may have to pay debts for inherited property they intend to keep.

Dear Pattie, Despite you being the bill payer, from what you've described it sounds like there is some question as to your role in the ownership of this account, as Home Depot doesn't seem to see you as a «primary» account holder — someone responsible for the debt.

This post originally appeared February 4, 2016 on CreditCards.com as «Primary account holders are responsible for card debt ``

Even if you are the most responsible credit card holder in the world, an emergency you are not prepared to pay for can quickly get you into that debt you have been doing so well to avoid.

This individual and joint liability exists regardless of which credit card holder is responsible for creating the debt, and regardless of any divorce, dissolution, separate maintenance, legal proceedings, or agreements that may affect liability between any of you.

You may also be responsible for a utility (water, gas or electricity) debt if you are a joint account holder.

If the credit card account is a joint account, the other account holder will then become responsible for all of the debt.

An authorized user just gives a person the authorization to use the card, but as a joint account holder, you will also hold the responsibility of that card — meaning; you would be equally and fully responsible for the debt.

You could be responsible for debt your spouse takes if you put your name on a loan's promissory note or if you are added as a joint account holder of a credit card.