 I missed my credit card payment by 1 day..what happens? |
| my credit card payment came in about 1 day after the due date..and it was the whole balance i paid off.will i be reported negatvley?... |
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 Can you use a Debit Card as credit? |
| I went to buy a book with my mastercard debit card and the cashier asked me: credit or debit? I replied debit but made me wonder if you can reply credit instead and if anything negative would occur ... |
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 My husband and I have 10K in the bank. Should we pay off our credits cards or put it towards a down payment? |
We currently rent.
Together, we have approx $10K in debt.
We both have excellent credit.
Additional Details
Our interest rates are very low, 7%... |
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 When you have a debit card? |
| and you use it as a credit card to buy things online, does the company mail a bill to your house? Or, do they just bill it to the credit/debit card company and there is never actually a paper bill ... |
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 I have a 425 credit score and want a house!? |
| This isnt fair. Stupid white corporate america has ruined my credit score and now I cant get a loan! Do you think someone can help me get a house with nothing down and a 425 credit score? I am A... |
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 Does paying off a new 6 year 9% auto loan too early affect your credit rating? |
| I do not like having an extra payment and would like to pay it off as fast as I can. The salesman informed me not to pay it off before the first year or it could affect my credit rating. Is this ... |
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 Tips on how to use credit card!!! Help? |
| So I will be 18 tomorrow and I'm planning on opening an credit card account maybe with like Bank of America. I want to start building up my credit now! So what are some advice or tips about ... |
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 How to start building credit??? |
| I am a college student and I want to build my credit so that I can apply for a car loan without my parents. I know that if I get a credit card and use that and make the monthly payments, this would ... |
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 I am 30 years old, and I found out I have cancer. I have less than 1 year to live.? |
| Right now, I have about 10k in credit card debt, 25k in student loan debt, and 8k on a vehicle loan. I have no assets except a few grand in a 401k. I am unmarried, and I'd like to know what ... |
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 If a person dies owing money, what happens? |
| If a person with no remaining family members dies without a will and having only five hundred dollars in the bank but owing thousands to credit card companies, what can the card company do about it? ... |
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 Can someone please lend me £1,000,000,000,000,000,00... |
Just until tomorrow please.
Oh and can I have it in 50p's please.... |
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 How can I tell my husband that I ran up my credit card? |
| Over the past 6 months I have racked up almost 80k on my American Express Card. I don’t know why but I just went spending crazy. I have bought everything from jewelry to sexy clothing that I can’... |
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 What' the difference between Debit and Credit? |
| What' the difference between Debit and Credit? When I use my Visa debit card at the store they ask me if I want to do Debit or Credit. What are the differences?... |
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 My kid wants a prepaid visa debit.? |
| ok this is a tricky one. my 15 year old wants a debit card that you can use online or in stores. i dont want to pay a start up fee. he doesnt want one that is a savings only. and he doesnt want a ... |
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 What can a 750 credit score get me? |
Additional Details
it was a pretty general question. i knew i had a 750 score for the past 2 months but i never fully understood what the big deal was. thank you all for your advice. i ... |
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Miss M | My husband's credit rating is plummeting. Should I get divorced to save mine? |
First off, I'm sure people will go up in arms over my question. I can hear it now: "How DARE you violate the sanctity of marriage by considering divorce over something so petty?" If this is your reaction, please don't answer. I'm looking for an answer from someone who's been there, done that, and doesn't judge me for considering this. I got married; I'm responsible for what my husband does; I should have though about all of this before we said our vows; this is the "for poorer" part of those vows-- I get it. I know all that. It doesn't help.
I'm 24 years old, and I love my husband. We have a basically good marriage: we don't fight, and we're kind to each other. The problem is with our financial situation: basically, I have stellar credit, and his is awful.
We lived together for two years before we got married. We kept our money STRICTLY separate: his money was his, my money was mine, and we split the rent, electric, cable, and so on. (CONTINUED...)
Additional Details
We never got a joint checking account or any joint credit cards (and still don't have any joint accounts). In that time, he would sometimes forget to pay his bills on time, but he worked full time at a factory so he could always pay them up eventually and he maintained moderate credit-- in the mid 600's.
We went to college together. I studied hard and made good grades; he slacked off, saying that as long as he graduated, no one would care what his GPA was. I graduated with a degree in Marketing; he was scheduled to graduate a semester after me, but ended up slacking off in his online classes to the point that he was given the option of dropping the classes or failing. He dropped the classes, and now doesn't have the money to pay off the school to enroll again. |
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ALF
 |
I have been in your shoes whenever my husband and I decided to buy a house we found out his credit was VERY bad..I felt the same way you do but then I realized that I DO want to spend the rest of my life with him that's why I married him I had to realize not to bet be so vain...to support your husband and help him. It took time we paid off his debt together and now we are living in our new home happy as jay birds...I know it will be tough but don't give up!! |
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LP S
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Oh come on... what's more important to you? Your husband or your credit score?
Be realistic. your marriage is more important. Your credit will be ok. Help him improve his. |
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J'adore
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ok that was too long to read, but just cos his credit is crap doesn't mean it will affect yours... when you marry your credit doesn't merge.... it's separate...
now in the case of buying a home together and falling behind on payments then yes... this happened to my mom.. even though her name was not on the loan it shows on her credit as 30 days late because her crap head husband stole the mortgage payment.. she couldn't make it up... her mortgage is around 2000 a month... (she's on the deed, i think thats why it's showing on her credit.... she's fighting it.)
But he has aweful credit and he has filed bankruptcy twice now and it hasn't affected her. just keep your accounts separate and whatever other accounts that report to credit .
technically certain creditors can try to get the money from you if he defaults but if you don't pay it can't go against you because you weren't the person who signed for it. |
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Katzie
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if you have separate checking accounts and separate bank accounts , credit cards, etc. i dont understand why your credit would decline with his.
keep your shlt straight and help him balance his bills and things. |
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fannanne
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No don't leave him over that. My credit rating is awfull but it doesn't affect my partners.
I think you should stop being shallow and speak to him if there is a problem.
If you want a sugar daddy get one! |
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YahooGuru2u
 |
Go ahead and get divorced. Your marriage is doomed. Your comments about "his" car, "his" phone, "his" money make it pretty obvious. A "MARRIAGE" is a joining together as one. EVERYTHING my wife has is mine, and everything I have is hers. That is marriage to me. As long as you are both working so hard to keep everything seperate so a score of failure or success can be kept for one or the other there is no true union. I know you will hate my answer and many others will describe their marriages as being blissfully seperate. I'm just sharing with you what I wanted as a marriage. I would accept no less. I do not want to share my life with someone that must keep everything seperate. We are a team. We make it or fail together. You sound like a success, meanwhile you describe your husband as a failure. You chose him. What does that tell you about yourself? THAT is the valuable lesson. Not just for you, but for all of us. Who we chose to be with says a lot about OUR needs. Divorce if you must, but take a hard look at yourself if you do and that way the same mistakes will not have to be made twice. Good luck to you and your husband. |
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Dana A
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Perhaps you should take over paying the bills. You could also schedule an hour every other weekend for him to sit down and pay his bills, or he could create a checklist of monthly bills. Eventually his credit score will rise again. I don't see it as something to get divorced over, especially since you say that you have a good marriage overall.
Dana (M.S. Marriage and Family Therapy) |
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rose
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Talk to him |
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heyteach
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Skipping over the issues you don't want addressed, I still say no.
You have maintained a largely separate financial life according to you. Why would you "need" a divorce?
What you should be concentrating on is the two of you determining if he is going to become educated and responsible over financial matters OR if you are going to handle all things financial.
He still works, yes? Well his check should be direct deposited AND then he should have a budget for contributing to his living now AND paying off HIS debts and he can forget about toys for some time to come.
You can look at a site like this for tips on how he can extricate himself from his mess:
http://www.cheapskatemonthly.com/
You can consider Consumer Credit Counseling or something similar as well.
He might as well finish off his degree.
He may be suffering from certain issues. Besides the "ego" thing where women are not supposed to perform better than their men, he sounds like he could be depressed. He could use a really good physical. If he drinks--at all--he should stop. If he drugs--stop. He should be exercising daily. At this time of the year, sunlight deprivation can be an issue as well.
As to divorce, I suspect it also matters if you are in a community property state or not as I don't know you can just "walk away" with no real financial dings.
Sounds like you have some relationship issues as well and I suspect you both resent each other by this point. You could benefit from working that out, with or without counseling.
Good luck. |
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plumb
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I just got laid off, stay away from my wife!!
You are ruthless selfish and a coward.
STAY AND WORK IT OUT!! |
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A.Mercer
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I have always heard that a divorce can hurt your credit. I think that might be from some of the hassles of closing certain joint accounts and that they suddenly disappear from your credit reporting. I did a quick bit of research and found some articles that deal with divorce, personal finance, and credit.
http://www.ftc.gov/bcp/conline/pubs/credit/divorce.shtm
http://www.bankrate.com/brm/news/DrDon/20020521a.asp
http://www.bankrate.com/brm/news/advice/20040830a1.asp
http://www.bankrate.com/brm/news/lifestages/20010813g.asp
http://www.bankrate.com/brm/news/advice/19990630a.asp
From what I saw in a couple of these, your decision may depend on whether or not you are in a community property state. You may want to check with a lawyer to make sure you get all of the facts straight. However, these articles might give you some insight and also give you a place to start further research from. |
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Bogie
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wow, I guess there is a question in there somewhere. his credit doesn't affect yours unless it is a joint account, so good news for the lucky guy. you can stay married! |
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Sailon
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Would it be easier for you two to move to a state w/o such tough demands ?
And what is your husband doing spending $ 1000.00 for Christmas ??? Priorties first.
I'd be careful about getting divorced though if you really love him.
Pschologically it can do some real damage to your relationship. |
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Beach Girl
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Honey, you can't choose which marriage vows 'work for you' and which don't depending on the circumstances. You would probably be doing your husband a favor, if you filed for divorce for two reasons:
One: Because you didn't mean your vows when you said them in front of God, your family, your friends and your husband (what about sickness and health...if he loses a limb are you outta there?)
Two: Because he is, according to you, a really nice guy who treats you wonderfully, but has a bad portfolio...and there are MANY women out there who would love to have him...so, let him go and find someone who will love him no matter what.
There is a guy for you too...his name is Steve B. and he lives in Pennsylania...he asked me (on our first date) about my portfolio and it wasn't up to parr for him, even though he said he was very attracted to me...he's your man! |
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~*mI$$y*~
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humm thats hard but if u think about it a marriage is never easy unless her is being physically violent 2ward u i would see how it goes for a few months then if it gets much worse i would tel him how u feel then if he stil doesnt get off his butt only then i would threaten him with divorce n if there is still no joy only then divorce |
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Andrew
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If you are otherwise ready to divorce him (i.e. your marriage is in trouble anyway) then it would be logical to bail now before he drags your credit rating down with him. However, it does seem like a frivolous reason when you consider that marriage is "for better or worse." Whatever you decide to do, make sure you have thought through the consequences. |
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srracvuee
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you love him? like hell you do.//what ever happens you stick together up or down and anyway to keep your monies seperate tells me that wasn't a marriage and you've proved it so go on divorce him and he will be able to consider himself a lucky guy// very few people would act like that in UK |
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Carey
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Maybe you should try a legal separation before you divorce. Tell him be a man get off his #$% and get a job or 2. I have had to take jobs that I didn't like to pay my bills... tell him he needs to stop depending on you and be a man and take care of business... furthermore no offense but a low credit score is not the end of the world although a low credit score because of someone else's doing would piss me off too. Good Luck I hope this helps |
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Pam H
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He needs to get a real job. Divorce won't help him at all. |
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The Brain
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It is too late. You are already married and his credit is already getting ruined instantly. The ONLY way you can get out of it now is by getting a divorce that is uncontested - if he allows that. If your name is on any of the debt at all then you are going to be responsible for it - all of it- he will be responsible for all of it as well, neither one of you would be off the hook until its completely paid off. If you do not have your name on anything not even the house or the car you can get out of the divorce uncontested and your record will be clean. If you have kids then an uncontested divorce will be pretty much out of the question. An uncontested divorce leaves both parties with what they had before they got married. Everyone retains their property and debt that was accrued before the marriage.
This can keep you safe. I can say though that if you honestly helped him create this debt then it would be immoral of you to divorce him over it and if you also helped him create this debt then he is capable of denying the uncontested divorce. So you should really think long and hard about doing something so extreme. |
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brian
 |
but then you're divorced... won't that effect your life rose then bad credit? |
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Jim W
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I don't think you are responsible for his debts on your credit score unless you co-sign the loans or they are a joint obligation, like a mortgage. Credit reporting is based on your own SS#. However, in a community property state, you could end up owing half his debts after your divorce. How will that affect your credit rating?
You don't divorce someone because of their credit rating. If this seems like a good idea to you, there are probably other problems in this marriage that you aren't confronting. Is his irresponsibility making you see him in a different light? Please see a marriage counselor.
On another note, you are an enabler. Stop paying this boy toy for his services. If he can't carry his weight, he can't have his modeling hobby. A marriage is a partnership. Dreams are important, but a man doesn't bury his wife in debt to meet his dreams. If the model/personal trainer thing isn't working, he's got to get a more reliable source of income. Maybe he has to put this dream on hold until he is debt free. Tell him to stop sponging off you and start paying for his own dream. |
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renzbenton
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Way too much information. If you are not on his cards your credit will not drop. Just because your husband owes on his personal cards does not mean they can just automaticly stick you on his card as a user. Dont get divorced just dont apply for any joint accounts.
I specialize in debt settlememt and can help you get the creditors to settle for about half.
renzbenton@yahoo.com is you have specific questions. |
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Foxy Roxyy
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Personally I don't think its ever "too little too late" when trying to support a partner who is struggling. But I understand where you are coming from, sometimes its not all about the love. Understandingly enough his financial situation concerns him, I'm sure he'd love to have money to use freely, but have you brought it to his attention how much it is bothering you? You should really sit down with him and tell him that you can no longer support him and he needs to get his act together. Don't pay his bills anymore, let him cancel them and re-consolidate his debt. I don't think his credit score affects yours, only when you are trying to purchase things jointly, which you don't seem to be doing. At this point, give him an ultimatum, either he gets his act together or you walk. Enough is enough. Just don't slap a divorce paper at him out of nowhere, I'm sure you enjoy being married to him right? I mean, you DID agree and you DID say yes at the altar... |
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Rocky
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Well, you vowed to Love him... FOR BETTER OR FOR WORSE. Seems to me you are far worse than him because you can't keep your vows. Yep... you should divorce him. HE WILL BE BETTER OFF WITHOUT YOU. |
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Smokey Mcpot
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hell no don't divorce him if you love him then why would you why don't ask some one to help like a credit union |
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Alessandra
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Wow... It does not appear to be much of a marriage to me. I consider marriage a joint thing where both of you are working side by side. You seem to be far ahead of your husband and he is constantly using you to bail him out. I understand your dilemma, but I also think that before you rush into divorcing him, explain to him what you just said here. Your husband needs a financial planner to help him out with his lack of money skills. He actually sounds like a dead beat to me, and it's to bad you didn't know these things before you married him. I wish you the best of luck with whatever you deside. |
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Danielle D
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No dont divorce him over sumthing lik that maybe you should think about gettin a diffrent account dont have a joined one if he is having money issues just find away to get an diffrent account so that wont have the same ones he does so just think about dooint that have a talk with him.
Hope this works! |
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andy
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What I would do is take him to a councilor that deals with the financial aspects of a marriage and have them help the both of you out. A marriage is a two person team so I would help him get caught up with guidelines that he has to meet before you help him further. Such as getting a job that will cover all of his debts, at least minimum payments. Once he does that, than tell him you will give him x amount of dollars to match on his smallest debt. Once that is paid off reduce the amount you give him by the amount he was contributing on the next smaller until he is out of debt. It may take awhile, and I feel for you. My ex ended up getting lower paying jobs and was helping less while running up debt more. We finally divorced for other reasons.
Good luck and I would stick with him and help him with his financial situation. You may even want to suggest that he goes on a cash only and allow you to control his accounts until he gets back on his feet. You can still maintain the separate accounts and have him sign the checks for his bills, but you keep them locked up away from him. I have my girlfriend keep my credit card locked in her safe for me. |
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haroldfinster
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Absolutley! Kick the fvcking Bum out! |
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adrenaline rush = natural high
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i would. but i must say this is one of many reasons why i never wish to be married. |
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