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Wife pays husbands debt

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My husband wants to use that equity to pay off our student loans and his credit card debt. Should we roll his credit card debt into a mortgage that we both co-signed? What impact does that have on my credit rating? Many couples today bring their own personal debts to a union. It is fairly common that you are legally joint on a major asset — your home — despite the unequal personal debt between you. While consolidating your debt into a new loan can be a good way to save on interest charges, there are implications in rolling both of your non-joint debt into a second mortgage you each co-sign.
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What Your Divorce Attorney Won't Tell You About Marital Debt

Wife pays husbands debt
Wife pays husbands debt
Wife pays husbands debt
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Am I responsible for my wife's credit card debt? How to Protect Yourself

Dear Debt Adviser, My husband signed up for a retail store credit card and was the only named user on the card. Sadly, he passed away in July of lung cancer. Due to loss of income, I stopped making payments at that time. Recently, a collection agency contacted me and is trying to settle the debt, going so far as to threaten an investigation with regard to assets and against property ownership. My question is — what is my responsibility to this account, especially since I am not a named user?
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7 Money Mistakes That Can Wreck Your Marriage

Lisk Feng for BuzzFeed News. Maybe revisiting the place would be romantic. When she wanted to get a pedicure, he criticized her one indulgence as a waste of money. Months later, she asked for a divorce and began planning to transfer from community college to a four-year university. Her soon-to-be ex-husband Dan had opened at least five in her name since , just a year into their marriage.
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In most cases you will not be responsible to pay off your deceased spouse's debts. As a general rule, no one else is obligated to pay the debt of a person who has died. There are some exceptions and the exceptions vary by state.
4 comment    
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