Deal with joint credit accounts

Life’s Financial Journeys

Heading Off to College
Getting Out on Your Own
Blending Two Lives
Having a Child
Emptying the Nest
Entering Retirement
Death of a Life Partner
Military Life

Often in a divorce decree one or the other of the ex-spouses is made responsible for the joint credit accounts of the couple.

In reality, however, the decree does not affect who is responsible for the debt in the eyes of the lender. If the person named in the decree fails to pay the debt in a timely fashion, the lender can legally seek repayment from the other account holder.

The following resources may assist you in dealing with joint credit accounts:

Credit and Divorce

Information on Credit Reports

Divorce and Spousal Debt Liability

Understanding Debts and Credit

Protecting Your Post Divorce Credit

Settling Your Credit Card Debts

Debt and Divorce – The Bitter Truth

Divorce and Credit Card Debt Repayment Options

Building a Better Credit Report

Information on Credit Scores

Divorce Tasks

1. Dividing assets and debts
2. Revising your spending plan
3. Managing your health care plan
4. Managing continuing financial arrangements with an ex-spouse
5. Protecting your loved ones financially if you were to die

Dividing assets and debts Subtasks

1. Deal with joint credit accounts
2. Revise ownership of bank accounts
3. Revise ownership of personal property and real estate


NAPFA Consumer Education Foundation
8700 W. Bryn Mawr Ave., Suite 700N
Chicago, IL 60631
(847) 483–5400 ext. 106