UnThreaded | Threaded | Whole Thread (22) | Ignore Thread Prev | Next
Author: estermae Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 311074  
Subject: Re: Wife's Spending Date: 8/17/2000 9:09 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
My question -- what if I proverbially cut her loose on subsidizing her credit cards? We live in California. As they try to collect on her if she isn't willing to change , how can this affect my credit? Can she undergo consumer credit counseling on her own? By the way, these are all cards in her name alone.

Last question first..If the cards are in her name only, then there is no reason why she can't undergo credit counseling on her own. We do it all the time, we like to have both present if possible but it isn't required. If you think it would be beneficial for her to have to counsel on her own, then it is entirely up to her to do so.

Next, should you stop subsidizing her credit cards? Seems like it could have an impact that just paying and pleading won't but I don't know what the consequences would be in your state. I know that in my state the creditors can't come after you or notate on your credit report any delinquencies but a judge can in a divorce settlement. (I am teasing you now) We can't advise you on what to do there. That is at your own discretion. :-)


Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (22) | Ignore Thread Prev | Next


TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.