Marriage and Credit: Common Myths Once I sign on as an authorized user, I’m stuck If you’re an authorized user, you can opt out at any time by notifying the creditor, even if you’ve created a mountain of debt on the credit card. At that point, the history of the account will also disappear from your credit profile. However, Experian notes: Some states have community property laws that automatically make joint any accounts entered into during marriage. If so, the only way to be removed as a responsible party for the debt is to contact the credit card provider and negotiate with it to change the contract. By Allison Martin
Posted on: Wed, 14 May 2014 20:07:42 +0000
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