Credit card debt of any type is a pressure which is usually in your brain and as the year progresses shopping expenses and medical expenses pinch an individual.
Source: Advantages and disadvantages associated with Debt Relief Order …
From How to Get Out of Debt My husband and I have been married for 14 years. In March 2010, he suffered at traumatic brain injury and is now severely disabled living in a nursing home. I serve as his guardian. I am an authorized user on his credit cards. To date, I have been paying them down, but I am concerned that raising two children as a single mother while also trying to keep up with his medical expenses, that may not always be the case. I sold our joint home and purchased a new home recently. All the credit cards were on my credit report . I understand I do not have an obligation to pay, but since I have been doing so for almost two years, am I responsible? How do I get removed as an authorized user since he is unable to conduct business in his behalf? In the event I can no longer meet the minimum payment, I would hate for this negative information to appear on my credit report. Only one of the card has even been used since the accident. Vanessa Dear Vanessa, I’m so sorry to hear about the issues you are facing with your husband. So sad. You should be able to contact each of the credit card companies through their customer service line and asked to be removed as an Authorized User. Once that happens the accounts will no longer be updated on your credit report. Once you do that then you can decide if you want to stop making payments. If you do the accounts will go delinquent and your husband may collectors may send notices and attempt collection. It might make the most sense to nip all of that in the bud and talk to a local bankruptcy attorney about filing bankruptcy for your husband. It is a logical approach based on his situation. Whatever you do, do not use those cards anymore. My advice would be to take this in steps. Contact cards and get your name off as authorized user. Talk to local bankruptcy attorney. You can click here to find a local bankruptcy attorney you like. Discharge your husbands financial liabilities with bankruptcy to close the door on that for good. You’ve got enough other stuff to deal with. What do you think, does that seem like a reasonable approach? Please post your responses and follow-up messages to me on this in the comments section below. Big Hug! @GetOutOfDebtGuy If you have a credit or debt question you’d like to ask just use the online form . I’m happy to help you totally for free. Other Related Articles to Read I’m an Authorized User on a Credit Card. Do I Have a Responsibility to Repay? – Florence My Father Passed Away. My Mother Was Only an Authorized User. – JB Quick Credit Tip: Become an Authorized User Can’t Tell if the Credit Card Account is a Joint Account or Only Authorized User. – Rene What Requires an Authorized User Account to be Removed? – Brian Our Marital Settlement Agreement Says I’m Supposed to Pay The Credit Cards But I Was Only an Authorized User. – Alma I Think I Screwed Up My Husband’s Credit as an Authorized User. – Nancy How Do I File Bankruptcy Without Hurting My Husband’s Credit? I’m An Authorized User. – Christina Will Credit Card Companies Grab Me When I Return to the U.S.? – Cha After My Spouse Died I Used His Sears Card. – Laura Read the full article at GetOutOfDebt.org , click here: How do I remove myself as an authorized user? – Vanessa
Read more: How do I remove myself as an authorized user? – Vanessa
