Wife is in debt

Does she have joint credit with you???

I'm not a lawyer and this isn't legal advice. If the credit isn't joint, you will probably be fine. Don't get a joint bank account with her or put her name on the title to the house. Unfortunately, most credit card companies won't settle until you're 60-180 days past due. Some do have hardship programs.

It took me about a year from charge-off to settle with American Express, but some people have been able to do it sooner, it all depends on which third party collection agency you get first.

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[QUOTE=Anonymous;754555]No we have not joined ANY finances together yet. That's why I'm thinking we should have her default on the credit cards and clear out her debt that way. It would save us a lot of money over me just paying for all her debt. I mean I love her and all, and she has turned a 180 on how she handles debt, she almost despises it now, but if I can save 60+% on paying off her debt I'm all for it.[/I don't know why the website's name didn't post on my last reply but you can possibly try to email me at EMAIL ADDRESS REMOVED PER TOS to obtain there info they settled my debt for forty cents on the dollar..]

[QUOTE=Anonymous;754518]I'm newly married, well almost new, I've been married for 3 months now. Part of our agreement when we married was that my wife would have to give up all of her credit cards, and she did. For six months while we were ingaged she let me hold all her credit cards at my workplace. For the 3 months we have been married she has been doing wonderfully working within her means.
But a week ago she got laid off, and will probably never be called back. She has filed for unemployment, which is nothing compared to what she was making, and currently she has about 50,000 in credit card debt.
She rented before we were married so the only thing she owns is her car (which has a payment as well). She moved in with me when we married, and I own my own house. Her name is not on the title, and we have not yet combined our bank accounts.
Since she is unemployed, and will not be able to make her credit card payments, would it be better to just let her default and try to settle for 20 - 35%? Origionally we were going to work together to pay everything off, but maybe this is a better way for us to go.
Will the fact that she is married to me effect her ability to negotiate with her credit card companies? We have not mixed any of our accounts yet and I think we may be better off if she settles her debts by settlement.
Ideas? Thanks.[/I know a great debt settlement company that is usoba,bbb and tasc certified.they cleared my debt in 48 months at 615 a month and I was in debt 50000 grand...there website is called PUBLIC DEBT SOLUTIONS . COM, I still have the reps direct number that helped me out..if you are interested email me at mattyflex @ gmail.com, you must be going through some type of financial hardship to qualify though... ]

[LEFT][COLOR=#000000] Hey everyone just wanted to share my story about this settlement company that saved me from a financial burden that I thought would never go away. I was currently in debt 50,000 grand and I stumbled upon this company that was BBB, USOBA and TASC certified look it up if you do not know what these stand for but every debt settlement company should be certified by these company?s . I applied on-line to settle my debts and within minutes I had filled out all the settlement forms and submitted them right on there website. When filling out the form, it will ask you how much debt do you want to settle and how quick do you want it paid off, it will then tell you what you will pay monthly ,what you will be saving and what your settlement will be, I only paid 40 cents for every dollar that I was in debt. I received a call stating that I had been approved for the program and they then asked me if I had any questions on how the program works. You will also receive a welcome package in the mail if...(Read more of this comment) you qualify for the settlement program with all the important docs and information you need, they work with professional negotiators and everyone is given a password and login to keep track of the funds that are drafted from you monthly through the settlement company. What's great is that if you need some of the money in that account for an emergency you can withdraw it whenever you need to there are a lot of company?s that don?t offer this. So if you are looking to settle debt ,try applying for the program there. If you are interested you can go to LINK REMOVED PER TOS[URL="http://www.publicdebtsolutions.com"][/URL] and apply for the program, fill out there debt settlement application, submit it online and be on your way to financial freedom. Good Luck!
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wow too bad there are so many shill posts cluttering up this otherwise interesting thread!

OP, I don't have any advice to offer you but just wanted to say best of luck and thanks for posting your question. I'm in a similar situation except for change the "newly married" to "engaged and would like to get married in the Spring". Just found out that my fiance has a bunch of old debt but in her case it is years old, already charged-off and now the collection agencies are coming. What J. Matthew said up above about making sure you don't open any joint accounts or put her name on the house is exactly what I have been hearing/reading as well.

best of luck!