credit card debts

FluffySia

Hi could someone advise me. I have a few credit card debts which I am paying off under agreement terms each month. These credit cards were in relation to my former marriage which I was the first named and my ex husband was a second card holder. Unfortunately I have been left with the debt which is going to take me years to pay off. My worry is that I am now in a steady relationship and would like to know if I were to marry my new partner will he be liable for my debts from my previous marriage. We are both retired and on very little money between us.
Thank you FluffySia.

thriftymomma

As long as you keep your finances seperate, there will be no liabilty for your new partner ever.

lisyloo

No, your partner is not liable for your debts.
No-one is liable for anyone else's debts.

However if you died with debts then the debt would have to come out of your estate before it passed to your husband.
So if you say owned a car (that was yours solely) then the car should be sold to pay the debts and then after that your husband can inherit the remainder.

If you have shared assets (like a house for example) then it may have to come out of your share but will never come from your husband.

As long as you keep your finances seperate, there will be no liabilty for your new partner ever.

This is true, but that doesn't mean it's not a problem.
e.g. if the debt has to be paid by selling a car or house that the husband might have use of.

thriftymomma

This is true, but that doesn't mean it's not a problem.
e.g. if the debt has to be paid by selling a car or house that the husband might have use of.


Yes that's true. I didn't think of it from that angle!

never-in-doubt

FluffySia wrote: »

Hi could someone advise me. I have a few credit card debts which I am paying off under agreement terms each month. These credit cards were in relation to my former marriage which I was the first named and my ex husband was a second card holder. Unfortunately I have been left with the debt which is going to take me years to pay off. My worry is that I am now in a steady relationship and would like to know if I were to marry my new partner will he be liable for my debts from my previous marriage. We are both retired and on very little money between us.
Thank you FluffySia.

Has a default been issued? If so then i'd look to quit paying and utilise unenforceability. Either way, i'd certainly not be paying for it! If you want specific help then jump thread to here:

http://forums.moneysavingexpert.com/showthread.html?t=1674391

FluffySia

Thank you for your help - Can you tell me as I was led to believe that if I were to die then my credit card debt will be written off.

nickmack

FluffySia wrote: »

Can you tell me as I was led to believe that if I were to die then my credit card debt will be written off.

The debt becomes the responsibility of your estate when you die.

ElkyElky

What happens exactly if you have no estate?