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Whether to use joint or separate accounts afer marriage

Submitted by on Tue, 02/22/2011 - 22:18
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I will be getting married this year. I have been using 4 credit cards from past 5 years. After marriage, should I continue using my existing credit accounts or should I open joint accounts with my husband? Which is better? Please help as I am really confused


It is always prudent to keep your own accounts with your own credit history. If you were to close your accounts, your credit will suffer. You may wish to stop using a few of them, but don't close them. Should you open a joint account be aware that if the account defaults you will be responsible. Vice versa - if you default on yours, your husband would not be liable.

You might consider opening one account jointly, if his credit is good.


Submitted by aubrey on Wed, 02/23/2011 - 08:14

aubrey

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