Credit Card Guide
Follow Us  twitter facebook You Tube Google+
Credit Cards > Credit Card News > Ask Erica > Spouse's Credit Card Debt Could Derail Marriage


Spouse's Credit Card Debt Could Derail Marriage

September 28, 2012
Ask Erica
email print comment

QDear Erica,

Can my husband’s credit card debt (his name only) become my problem also?

ADear Glinda,

You ask what every married person ought to ponder, so I’m really glad you wrote! Just where does the line between your personal credit and cash begin to blur and blend with your spouse’s?

To answer, it’s best to start with what happens when you’re a single adult. Typically, you get a job so you can pay your bills and have fun, and a credit card to help you buy the things you want and need.

Making sure that you pay everything on time and manage your credit so you don’t descend into unintended costly debt is all up to you. After all, the plastic is in your name. Unless someone else co-signed for the account, the bank issued it to you based on only your salary and credit information. It’s your responsibility to treat your card well, because, if you don’t pay as promised, the bank can come after you and demand the money or even sue you for a delinquent balance.Ask Erica

And then you fall in love and take a trip down the lawfully wedded aisle. After that, you’re officially a married couple, and in the eyes of the law you are entitled to certain legal and financial privileges that you didn’t enjoy before. For example, if your husband were to fall ill and die without a will, you’d receive automatic inheritance rights.

However, does this mean that, after saying “I do,” you also assume each other’s individually issued credit cards? Nope. Your husband doesn’t get rewarded instant access to your personal bank accounts, nor is he presented with a credit card of yours that sports his name. You can add him as an authorized user, but that’s your choice. Now, there might be some issues that emerge in a divorce situation, especially if you used each other’s accounts for household items (like if he were to pay for house paint with your card) or if you live in a community property state (a state with laws requiring that debt accumulated during a marriage be shared between the partners).

But let’s focus on what’s going on with your credit while you’re still together (because you will always remain married, right?).

As before, you continue to buy things with your individually issued credit cards, as well as with any jointly held cards. But because you are coexisting, you also are combining finances to a certain degree. Therefore, if he gets into crazy debt with his personal or a jointly held credit card, you may want to pay it off (or insist that he take that action) because carrying it is causing you to not achieve mutually agreed-upon goals. Perhaps you want to buy a new house and his poor credit score and huge balances are getting in the way of that dream. The problem may be one that he created, but now it’ yours too — even if you have no legal liability for it.

The moral here: you have to work together to prevent financial problems from happening. And if they emerge anyway? You also have to act as a unit to cure the troubles.

Unfortunately, money and credit — from the way you spend it to the amount of debt you can get into — are major factors in divorce.  If you don’t deal with personal finance troubles both before and immediately after they occur, relationship discord is inevitable.

My advice is to be respectful and err on the side of transparency. Don’t micromanage each other, but do pull and share credit reports regularly, review banking statements together and talk often about spending and charging patterns.

Got a question for Erica? Send her an email.




How to make the most of a new travel rewards card - Charge what is required to secure the one-time bonus and make payments on time, then you will be on your way to getting your plane tickets...

Debt settlement unlikely until you're behind on payments - That doesn't mean you can't try, but settlements have their downsides...

How hard inquiries hurt your credit score - Applying for a loan or credit card will trigger a hard inquiry, which will ding your score temporarily...



  If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the ‘Post to Facebook’ box selected, your comment will be published to your Facebook profile in addition to the space below.

Our editorial content is not sponsored by any bank or credit card issuer. The comments posted below are not provided, reviewed or approved by any company mentioned in our editorial content. Additionally, any companies mentioned in the content do not assume responsibility to ensure that all posts and/or questions are answered.

Secure SSL Technology
Secure SSL
Twitter Facebook You Tube Google+
About Us Privacy Policy Editorial Team Terms of Use
Contact Us California Privacy Rights Media Relations Site Map

Close X