Spousal Responsibility for Credit Card Debt

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Posted: Thu Jan 13, 2005 1:50 am
Post subject: Spousal Responsibility for Credit Card Debt

Jane Foy
Date: 7/4/2000 8:07 am CDT

In the event of the death of a spouse, is the surviving spouse responsible for a credit card balance, when the name of the surviving spouse is not on the credit card. These could be credit cards each spouse had prior to their marraige. Do the regulations on this issue vary from state to state. I am interested in Virginia regulations.

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archive
Posted: Thu Jan 13, 2005 1:54 am
Post subject: Spousal Responsibility for Credit Card Debt

Board Monitor - AD
Date: 7/4/2000 3:06 pm CDT

Dear Jane,

If you are not a co-signer, or an authorized user on any of the credit card accounts in question, then the odds are for you in terms of not being liable for any outstanding balances, or being hassled by debt collection agencies.

However, laws very state to state in reference to debt collection and liability for married couples, and I am not familiar with the laws in Virginia, so it would be best to contact a local attorney on such issues, especially if the amount in question is significant.

You might also want to visit the Federal Trade Commission site (http://www.ftc.gov), for additional information on this subject.

Sincerely,
Alex Daskaloff
Author of "Credit Card Debt..."
CreditCardFreedom.com

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