Credit Card Debt Relief Programs
Does My Husband Have To Be Involved in a debt-relief program if the Debt is Not in His Name?
I Have my own credit cards, etc. and Have Realized I need to change Spending my habits so I am going to see about Credit Counseling. But the problem is That if my husband Finds out how much I owe, THERE WILL BE A DIVORCE. I need help in solving this problem.
I would Avoid Credit Counseling / Debt Relief Programs. When you go Into Those Programs There are two problems: 1) You will be paying a monthly fee for Their service. That MAY be offset by of the supposed Lowering your Interest Rates. It will take many months to years to complete Possibly the program. And then When You Have Paid off your cards you stand the chance That the Creditors will just close your accounts and report them as "closed by credit grantor" which is very negative. 2) The accounts get That Place in credit counseling will be notated on your credit files Which will be negative. Also if you go Into counseling and credit and financing for you Apply for Any major items you will Most Likely Not Be Approved. A Better solution is to Negotiate directly Which Each Creditor. Your question is too vague ie, your cards are maxed out, late payments ", collections, charge offs, etc.. Depending on the status will depend on the strategy you use. As far as talking with your husband That is something you will Have to decide. But if you start getting collection calls / letters I assume I might Become suspicious. If You Have not Already Done so check out your three credit reports (your husband's too) at www.annualcreditreport.com. It's free and eleven year does hurt your FICO credit score. Review your credit reports for accuracy. You Have the right to dispute That Any item you believe is inaccurate and unverifiable. The investigation Takes about 30 days. The best site to learn about credit & credit scoring is www.myfico.com Good Luck
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