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Author: Booa Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 311078  
Subject: Re: Inactive credit Date: 6/15/2006 3:46 PM
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I always thought we were doing a good thing eliminating "our" debt and needless credit cards -- turns out there are unintented consequences to doing this if you aren't careful about leaving at least one card in both spouses' names.

Um. I think it's not a good idea to have both spouses on one card. You can add her as an authorized user to some of your cards, so she'll get some history showing up, but since she managed to reopen one of her old cards (that I hope is only in her name), perhaps she can use this for regular expenses and you can pay it off every month, so she gets enough credit history to get one or two more cars, in *her* name only. And then you can remove her from your cards as an authorized user.

If she is only an authorized user on your cards, and has none in her own name, then should you die, or take her off the cards, she'll lose that history. She needs cards where she is the main owner of the account, so that she doesn't lose that credit history for any reason.

And yes, she could be a joint owner on your cards, but...I just really don't like that, it makes things very sticky in the (hopefully very unlikely) chance of divorce. I mean, divorce is sticky anyway, but I don't see any reason to make it stickier than necessary...

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