My ex used up all of his credit card worth 47K. I was an approved user of his accounts but never even swiped my card on a purchase. If he filed for bankrupcy, will my credit be fixed as well? I know we were both affected by the debts. My credit is messed up due to him.
2006-07-08 14:43:43 · 12 answers · asked by Tida 2 in Business & Finance ➔ Credit
We were not married. We only lived together for 2 years.
We've been seperated for 4 and he's just filed for bankrupcy a few months ago.
2006-07-08 14:55:03 · update #1
If you are only an 'authorized user', then nothing about those credit cards affects you in any way.
That being said, collectors will falsely report those accounts on your credit report in an effort to get you to pay. They know that you are not reponsible, but so many people will pay them out of ignorance, that it's worth a shot for them. What they are doing is illegal, of course, but they just claim an honest mistake and correct it if you complain.
If you signed the application, however, you are responsible for those debts, even if you never used the cards. They will go after whoever they are more likely to collect from. If you didn't sign the application, then raise hell with them and threaten them with legal action.
2006-07-08 14:54:44 · answer #1 · answered by normobrian 6 · 1⤊ 0⤋
In my experiences no this will not help your credit. It also depends on where you live the State. I'm in Tx. and here it does not matter if your even divorced if your name is on the card you are still liable for the charges. If you two are married the best thing would be for both of you to file. If you do not I believe the creditors will be calling you for the debt.
2006-07-08 21:50:03 · answer #2 · answered by sugarbearsnan 1 · 0⤊ 0⤋
No. Because once you were married your debts are joint. If you also incurred these debts while you were married, companies can and will come after you. Contact a good bankruptcy attorney to get the facts on the laws in your state. Usually a consultation is free of charge.
2006-07-08 21:56:18 · answer #3 · answered by Island Queen 6 · 0⤊ 0⤋
If you were on the accounts, then you are liable for them also. Bankruptcy does not fix credit. In fact, just the opposite. It is doomed for a few years there after. You need to contact an attorney and find out what to do if he files for bankruptcy.
2006-07-08 21:49:52 · answer #4 · answered by pappa_15 3 · 0⤊ 0⤋
Sorta...in the same way an amputation can cure a broken leg.
If you're a co-signer on any of the accounts filed in the bankruptcy...not only is your credit screwed...but the creditors will come after you alone...but he'll be free of debt...albeit with bad credit, too.
2006-07-08 21:49:01 · answer #5 · answered by 4999_Basque 6 · 0⤊ 0⤋
normobrian said it best.
If you were an authorized user on the accounts and not a joint user, you are not liable for them.
If they are on your credit reports, dispute them off as not in yours.
You might want to check out the site I've listed. Read the newbie forum and credit forum.
2006-07-08 22:03:31 · answer #6 · answered by echo 7 · 0⤊ 0⤋
Whatever he does after the divorce affects only him. Just call the credit bureaus to verify.
2006-07-08 21:45:23 · answer #7 · answered by Ms Lady 1 · 0⤊ 0⤋
BEFORE ANYBODY FILES FOR BANKRUPTCY CHECK OUT www.jicinvestments.com FOR MORE INFO. THEY WILL SHOW YOU HOW TO GET NEGATIVE MARKS REMOVED FROM YOUR CREDIT REPORT LEGALLY. IT REALLY WORKS.
2006-07-09 00:47:15 · answer #8 · answered by Anonymous · 0⤊ 0⤋
if you were married when the debt occurred and he files for bankruptcy, i believe his creditors can come after you.
2006-07-08 21:46:53 · answer #9 · answered by Anonymous · 0⤊ 0⤋
that would be a good question for a lawyer
2006-07-08 23:25:39 · answer #10 · answered by hey you 3 · 0⤊ 0⤋