Can I Remove Myself From My Wife’s Credit Cards? – Chris

“Dear Steve,

Can make minimum monthly payments, but they are $1800.00 per month. Not a lot left over after paying all other bills.

Debt consolidation/relief: If most of our credit cards are in my wife’s name can I remove myself from them and have her get the debt relief. Therefore it affects her credit and not both of ours?

Chris”

Dear Chris,

If these are joint accounts then the creditor is not going to remove you until the balance is at zero or maybe even require the account to be at zero and closed.

There is no incentive for a creditor to let any obligated party off the hook with a balance.

Do you have any money in savings now? Do you have an emergency fund to fall back on instead of the credit cards?

Steve Rhode Debt Coach and Author

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

See Full Bio

Consumer Debt Consumer Bankruptcy How to Get out of Debt Money Troubles Money Personalities Budgeting Behavioral Economics Motivation Inspiration Money Management The History of Credit and Debt Getting Out of Debt Get Out of Debt Debt Settlement Credit Counseling Loan & Debt Relief Scams Debt Relief Industry Practices Exposing Deceptive Financial Services Helping Consumers Navigate Financial Hardship Consumer Advocacy Consumer Debt Expert Consumer Protection Debt Relief Scam Student Loan Bankruptcy Debt Validation Debt and Mental Health Student Loans Debt Consolidation Debt in the Military