Consolidating finances after marriage communication dating site in jamaica
Creditors can go after a couple’s joint assets to pay an individual’s debt.The rules vary by state when it comes to collecting taxes.
Even if your spouse opens up a line of credit in their name only, you could still be liable for that debt.
If your spouse has a bad credit score, a joint loan could mean higher interest rates or you may get denied.
If your spouse declares bankruptcy, you could lose community assets to pay the debt.
In most states, you are not legally responsible for bills racked up before getting married.
However, the state you live in could drastically alter how much debt you will be liable for after you take your vows. The IRS says most states operate under what is called common law.