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We have planned for divorce but we can't stay together any longer. However, my soon-to-be ex-husband's name is on two of my accounts. Also we jointly have an auto loan and I want to keep the car. I am paying those accounts as well as the auto loan on time. So, do you think I should remove my ex-husband from those accounts? Can you tell me if I'll be held liable for debts he incurred since we split up?

Niicss · Posted: Wed Aug 17, 2011 12:13 am Post subject:

It is really important for you to get your credit cards in your name as you and your spouse are separate now. You should always remember that just because you have the physical possession of your card doesn't mean that your ex-spouse can get a second card and go shopping, or take out a cash advance. You need to contact your credit card issuer and ask him to remove your ex-spouse's name from the property deed. The credit card issuer will let you know about the formalities. As far as your auto loan is concerned, you should refinance it to remove your ex-spouse from the the loan docs.

If the debts, that has been incurred by your ex-spouse, are in his name solely, then you won't be liable for those debts.

joshuaheckathorn · Posted: Fri Aug 19, 2011 9:23 pm Post subject:

Refinance the auto loan so it's only in your name, and contact your credit issuers to remove his name from any of your joint credit card accounts. If you leave him on the accounts and he racks up charges, you're still liable, so make the changes quickly.

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