Money Matters
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Authorized User

I am starting the process of a divorce.  I have a credit card I opened in 2007 by myself, and in 2012 added my husband.  There is a current balance on the card.  He says that I should cancel the card because we are getting divorced and that half of the debt I accrue is his too.  I am willing to take over both credit cards balances (about 5k).  But do I need to close out the card I had pre-marriage?

Re: Authorized User

  • Ask your attorney.  S/he surely has an opinion about the best way to go about that.
    Wedding Countdown Ticker
  • hoffse is right, your attorney probably has the best answer. However, I would see if you can avoid closing it - especially if that's one of your oldest cards and you have a good payment history on it. You can definitely remove him as an authorized user so the card would be just in your name - and the debt is all yours either way, credit-wise.

    So it's just a matter of you legally taking on all the debt. I'm not a lawyer, but I would think it would be pretty easy to put that in writing and make it legally binding without you having to cancel the card.

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    "You know you're in love when you don't want to fall asleep because reality is finally better than your dreams." - Dr. Seuss

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