Wife pays debt

Paying your husband's debt may not have been on your mind when you said, 'I do,' but sometimes that is a decision you have to make.

I was divorced in November My ex was under the divorce decree ordered to pay a one-year free financing loan we had I was primary and she was co. Under the same decree I was ordered to pay her credit card which she was primary and I was co. I was paying credit card and have proof. She decided she was not liable to pay the free financing loan because it had lapsed the one-year, interest accrued, then went to collections.

Wife pays debt

They have borrowed money from a very dangerous man and now they can't pay it back. Cherie thinks she will be able to talk Cherie thinks she will be able to talk him into buying them some more time. When she arrives, he tells her and her husband that When she arrives, he tells her and her husband that there is only one way he will give her what she wants. Her ass is spanked until it is red Read all. Sign In Sign In. New Customer? Create account.

If they are, you may still be responsible for the debt if only he files for bankruptcy i.

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Posted on December 12, in Debt. Debts accrued during a marriage might be either personal or shared, but is the wife paying a husbands debt fair? Learn more about what to do if your wife pays the debt, and who should be responsible. Debt can be stressful. It seems so easy to accumulate and yet so difficult to pay down and work your way towards becoming debt-free.

Wife pays debt

Seven out of 10 Americans get married with some amount of debt — mainly credit card and student loan debt, according to Debt. While having debt is common, it can unfortunately be a relationship dealbreaker no matter how long you and your partner have been together. For instance, Kara Stevens, a personal finance and lifestyle blogger at The Frugal Feminista , was open with her husband about how she felt about his credit card debt and even refused to marry him until he paid it off. But before you let money woes interfere with your love life, Select has some advice for when you or your partner is in debt. The first step? Talk about it with your partner. From there, you can work on being solution-oriented, creating a budget and teaming up to help one another's credit. Below, we break down each step so that you can be ready to manage any debt that comes in you and your partner's way. Communication is key to any sort of relationship, whether it be with a family member, friend or spouse. But it's ever so important when you're talking about finances.

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If the ex-spouse filed a successful chapter 7 and did not reinstate the timeshare loan, then the timeshare lender has no claim against the ex-spouse. The only way you might be responsible is if there were any dishonest or negligible acts on your part that could be proven in court. Recognizing when you should and shouldn't is important for your financial and marital health. Neither of the two creditors can complain to the judge about non-payment as contempt of the order because they have no standing in your divorce case. If the second was a joint loan, both borrowers almost certainly have joint and several liability for the loan, which means if one does not pay, the lender has the right to collect the entire balance from the other borrower. Under the same decree I was ordered to pay her credit card which she was primary and I was co. The reason for this advice should be quite obvious in that the outcomes of most questions very often turn on a small difference in state law. His name is still on the loan and she will not take his name off even though there is an order to do so. Here are my thoughts:. Be sure to include debt payoff, savings, and money for both partners to feel like they have some independence, too.

Sure, marriage is about supporting each other, for better or worse.

If you do, that answers the third issue. I am not suggesting that bankruptcy is the best solution. You also mentioned New Hampshire. Even if they did get a judgement against her, how could they collect? She decided she was not liable to pay the free financing loan because it had lapsed the one-year, interest accrued, then went to collections. If you cosigned a loan for your spouse, you might not have a choice but to pay it. Here are my thoughts: A Common Financial Goal If you have common goals , and the debt stands in the way, you can help pay it off. Instead of letting the debt go unpaid and ruining your credit or causing marital stress, you can pay it. Consult with an attorney in your state to learn your rights and liabilities. In general, courts despise seeing the same parties litigate the same issues repeatedly. That said, if you were going to inherit some or all of his estate, then it does affect you if the estate has to pay out to settle a debt.