 Am I still responsible for 15 yr. old personal loan not paid and charged off? |
| I took out a personal loan 15 yrs. ago for about a $1000 that I blew off and never paid. Now I'm getting a notice from a collection agency that wants the money back plus another grand in ... |
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 Is there any way out of our financial nightmare?!? |
This is a long one so bare with me!
About 3 years ago now my partner and I bought a flat. We were first time buyers and had no savings but were desperate to get on the property ladder so ... |
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 Is it ok to throw away your bank statements from a previous bank? |
| I just switched my banks, and I was cleaning out my stuff and I have ALOT of old bank statements (it just shows the transactions Ive made and stuff) but I wasnt sure if I should keep them or is it ... |
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 Ok, so I'. 13 (almost 14) and I'm trying to find away to earn some extra cash...? |
| So I'm really into fashion (high fashion, not stupid trashy teenager fashion.) and I've been designing, cutting, sewing for ages. Lately I've really been low on cash. (since it was C... |
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 Why do banks get away with ripping off their customers? |
| We all have to have a bank account these days. The days of getting your wages in cash are long gone. So we are all at the mercy of the banks. I changed jobs recently and when asked for my bank ... |
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 Kids make money fast?? |
My daughter( 12 years old) needs to raise £300 before april begins.Help!
Additional Details
For Christina,my daughter wants to hire a limo for er thirteenth ;)... |
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 What happens to my mortgage if Countrywide goes into bankruptcy? |
I read in the news that shares fell, and company could declare bankrupcy..would my mortgage(s) be affected as far as terms/rates?
Additional Details
I read this on latimes/cnn/thestreet.... |
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 I have an opportunity to pay off my mortgage- $280,000 left on it.? |
| I feel like I would feel more secure with no debt. My husband would like to invest it - so it will grow. I think we should take the money we usually use for the mortgage payments and invest that. (A... |
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 I need help saving money? |
This is a rundown of what we spend each month, our income and what we have left over:
Rent - 850
Debt Consolidation - 260
Credit Cards - 40
Electric/Gas - 35
Netflix - 1... |
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 How do I get out of debt? |
| I am in debt over my head, my boyfriend helped me rack it up but doesn't think we need to pay it back, It is all in my name and my credit is very high but because I am paying late it is going ... |
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 Can you believe the nerve of the Dept of Social Security, they asked me to get a job? |
| and they tried to insinuate that i was a leech on the country.....i and my wife have never worked but this is how we like it, we like to spend our time at home with our kids, something these so ... |
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 I have found a website which can make money upto $1000000000?? |
| I have found a website which can make a person money upto 1 billion dollars? But it is $10 to join for membership and it guarentee earning. We have to reffer people to it and we get $1 for it. Like ... |
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 Own five acre's in Florida an two manufacturer homes on it need loan? |
| HERE IS THE QUESTION HAD HURRICANE DESTROY HOME IN 2004. INSURANCE CO. DIDN'T GIVE US ENOUGH MONEY SO HAD TO MORTGAGE FIVE ACRE'S TO GET MANUFACTURED HOME, THEN MOTHER MOVE ON LAND AFTER SHE... |
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 How do I keep myself from being a compulsive spender? |
I know I have to save money for a vacation, but I dont know how to actually save money because we are not allowed to keep money in the bank "personal reasons" How do i do it?
A... |
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 If you buy something on ebay can you send cash to him/her? |
Additional Details
and if you can do have to send the enevelope witha stamp?... |
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wishfulthinking | When you get married, do you assume responsibility for each other's debts? |
If you have incurred debt before you were married, does the wife/husband become legally responsible for them as well? |
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Rocker Wife
|
You don't assume the responsibility of EXISTING debt from your new spouse. Only debt incurred during the marriage would belong to both of you..even if it is only one person's name (if you live in a community property state). Any accounts that you open jointly during the marriage would also be the responsibility of both of you. |
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rubiksmaster
 |
Nope. Your spouse's name would also have to be on it.
Trust me. My spouse just went through bankruptcy, and I wasn't pulled into it one bit.... simply because my name wasn't on one bill/statement/debt. |
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Great Grandma
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No. but you may have to prove to the creditor that you were not married at the time the bill was incurred. However if you have a joint bank account, it could be seized legally due to the debt, since it is your spouses money as well as yours. |
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Michael
 |
This is honestly a very complicated question. Assuming that you do not have a prenuptial agreement, laws vary by state. You would need to consult legal counsel regarding the laws of your particular state in order to determine whether or not joint property law as apply to you or particular location. |
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Druid
 |
>No, premarital assets belong to the party that owned them to begin with.
Assets acquired during the marriage go to the party with the best lawyer upon dissolution of the marriage.< |
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Sarah
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Unless you have a pre-nup. Usually when people get married, they are pretty much aware of one another's debts and financial habits. It is one of those things you make sure to get out in the open if you're serious about your future together. |
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Glenn J
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The answer to your question will vary from state to state in the United States, but here is some information that may be helpful.
If you speak to the manager of any bank in your area, they should be able to answer your question. They will ask you about the debt in a few ways:
They will ask if it is "secured," meaning that there was collateral put up for it or a cosignor. This usually ensures that you would not have to worry about it.
They will ask you if the debt is subject to a judgment or is in collection. That means that the lending company has either successfully obtained a judgment against the person who owes it or has sold it to a collection company. This can affect HOW the debt could be collected and may affect your rights as the spouse of the debtor.
One final note, if the debt of the other person is substantial enough that it concerns you, you may want to speak to either an accountant or a family law attorney about how you can maintain separate finances to avoid the money problem. Most divorces occur due to financial strain, and if it is love, then it is worth waiting till either the debt is mostly paid off or until circumstances change. Best of luck. |
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justlettinguknow
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Check with your state laws. In most cases you are safe if your name does not appear on any contracts. I would suggest that you not apply for joint credit until past debts are cleared up. This may create a joint file at the credit bureau. Then it won't matter if your name is on the contract or not. It will still effect your credit. |
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Jo Blo
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didn't you ask this already today?
technically the answer is no,, but in reality,, the answer is yes
as soon as the wife changes her last name on social security card,, trouble begins |
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SG Elite
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Yes unless there is a prior signed agreement before marriage. |
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spongeflog
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yes |
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dielibralsdie
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Yes Maam. |
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