|
Credit History
If I have NEVER combined names on ANYTHING with my husband, can his credit report ever be reflected on my credit report? And if so, how is this legal? I do not live in a community property state, we have never purchased ANYTHING together and never will. Do not file income tax returns together. He now has creditors calling him from past obligations years before he met me that I knew nothing about - can they ever come after my assets I owned before ever marrying (house in particular, which is titled under my name before marrying two years prior)? What can I do to protect myself and my future should things go bad? Thank you in advance for your assistance.
[ ]
Want to answer more questions in the category?
Maybe give some free advice about: ?
I would think that your property is safe. I live in Florida and had a similar experience, and my house and all property and debts were completely separate. The best thing to do is ask a lawyer, especially since you are concerened about your property and "things going bad."
]
If your assets are in your name, your husband's creditors will have no reason to touch them. His credit has nothing to do with yours if you are not on the same account. It sound like you are doing a fine job in protecting yourself. Although, maybe too good a job. It sounds as if you and your husband have trust issues. Why would you never buy anything together? You are married, it's a partnership. I hope that if your husband is having money problems you are willing to help him out.
]
I really wouldn't think so, but prior to giving an answer in which I feel comfortable, I would have to know which state you're in. Holding assets as tenants-by-the-entireties is only available for spouses. In Tennessee, the creditor of one spouse can't touch real estate held as tenants-by-the-entireties unless the marriage dissolves or the debtor's spouse predeceases the debtor. However, joint debts of the spouses are not protected. Moreover, with respect to assets held as tenants-by-the-entireties other than real estate, the courts are divided as to whether a creditor of one spouse could seize all or a portion of the asset in satisfaction of the creditor's claim. I really would like to help and answering off the cuff, so to speak< i wouldn't think so. Barring any existing statutes for child-support in your state, but I would have to have the state to answer more thoroughly.
]
Your credit history has nothing to do with his. It is based on your social security number.
]
More Questions: |