My partner has a credit card debt – Debt Consolidation


If you are married or a registered partner, you will in principle have one capital together. Your possessions automatically belong to the other person. But at the same time you are also responsible for each other’s debts.

This does not apply if you are married under so-called marriage conditions

bank

If one of the two makes debts with his credit card, the other is also liable for this. Even though the card may only have one name.

This does not apply if you are married under so-called marriage conditions . You have arranged in the town hall that your powers will remain separate.

There is also no joint capital if you are not officially registered partners and only live together. Whether or not with a cohabitation contract drawn up at the notary, that makes no difference.

Joint account

Joint account

You can nevertheless be confronted with a negative credit card balance from your partner unmarried or within a marriage under certain conditions. This can happen if the credit card is linked to a joint account of both of you.

With a joint account you are responsible for each other’s expenses. Both partners can use the account freely, without the need for constant permission from the other.

Use the joint account in terms of expenses only for the fixed housing costs

Use the joint account in terms of expenses only for the fixed housing costs

Both of you are liable for the bank for any overdraft. This can also be caused by the credit card use of one of the partners.  Your possessions automatically belong to the other person. But at the same time you are also responsible for each other’s debts.

An important tip: do not link a credit card to a joint account, but both take your own credit card and link it to an individual account. Use the joint account in terms of expenses only for the fixed housing costs, groceries and joint outings.

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