What Happens To Credit Cards In Divorce?

For just about anything you want to get off your chest about credit cards.
5 posts
GoCreditGo!
Centurion Member
Centurion Member
 
Posts: 230
Joined: Tue Nov 05, 2013 1:48 pm
Location: Seattle WA

What Happens To Credit Cards In Divorce?

Postby GoCreditGo! » Tue Nov 26, 2013 10:15 am

What do you do in the case of a split up?


User avatar
djrez4
Centurion Member
Centurion Member
 
Posts: 1468
Joined: Tue Jul 31, 2012 12:20 pm
Location: United States

Postby djrez4 » Tue Nov 26, 2013 10:32 am

You get a lawyer.

And, here's the lawyer answer: It depends.

If the card is in one person's name, that person keep the card. If the other person is an authorized user, you remove them. If it's a joint account (doesn't happen anymore), you close it.

If there are joint balances on accounts, you agree who will pay it. If you can't agree, the court decides for you.
[RIGHT][size=100]- Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -[/size]
[/RIGHT]

Obi-dan
Centurion Member
Centurion Member
 
Posts: 190
Joined: Fri Aug 02, 2013 2:35 pm
Location: Houston, TX

Postby Obi-dan » Tue Nov 26, 2013 3:27 pm

It depends what state you're in. Here in Texas (a community property state) debts incurred before the marriage the individual remains responsible for. Any debt accumulated while married both parties are responsible for unless they come to a different agreement and this approved by the court.

Disclaimer, I am not a lawyer but work with finances. This is my understanding of our community property laws. Good luck with everything.
Cards:
Chase Sapphire Preferred
Marriott Rewards
Citi Hilton
Barclay Arrival
AMEX BCE (member since 95)
Chase Freedom
Discover It
Wells Fargo Platinum
Barclaycard (Apple)
Local Credit Union Visa (buy local!)


FICO Scores:
TU: 824 (Aug 2014)
Experian: 789 (Aug 2014)
Equifax: 807 (Aug 2014)

Midori
Centurion Member
Centurion Member
 
Posts: 204
Joined: Tue Oct 30, 2012 10:25 am
Location: TX

Postby Midori » Tue Nov 26, 2013 4:00 pm

Splitting up credit cards, or splitting up credit card debt?

Asked a (TX) attorney who does divorces. He's never had anyone come through who has made a big deal over wanting to keep this card vs that card... they're usually more preoccupied about splitting up debt, etc.

Like others have said, there's no hard or fast rule. But it's generally if a couple has two or three cards, they'll split them up between themselves, and if they can't decide/agree, the judge will decide for them.

GoCreditGo!
Centurion Member
Centurion Member
 
Posts: 230
Joined: Tue Nov 05, 2013 1:48 pm
Location: Seattle WA

Postby GoCreditGo! » Tue Nov 26, 2013 6:34 pm

It's more a curious nature actually. No debt. No one has debt.



Return to “General Credit Card Talk”

Who is online

Users browsing this forum: No registered users and 2 guests