Has the honeymoon ended at last? Have all those little quirks in your spouse's personality that you once found endearing have now become too annoying? Is it time to reconsider your marital status for the good of both you and your partner? These things happen. It is best to get it done as quickly and as professionally as possible and move on.
Onus of Debt
Divorce is a sad, but often times a necessary thing to terminate a relationship. There are a lot of reasons for a couple to split up, but no reason why the bulk of the divorce spouse credit card debt should fall on one party or the other without good reason. Care should be taken to ensure that the onus of the debt of one spouse does not become the responsibility of the other. In the case of any separation, this should be the overriding factor. You do not want to get saddled with your spouse's debts and they don't want to have to deal with yours.
Even Division of Debt
In the case of most divorces, the separating couple will evenly divide their assets and debts between themselves. This includes credit cards and any debt that comes with them. This is the most equitable and just manner of settling credit card debt.
Any joint accounts should be closed, and the debt assigned to one spouse or the other, depending on fair use. Essentially, whoever is responsible for the debt will pay it down. In this way, both spouses can be protected from the debts of the other. Once responsibility for debt is assigned, the assets can be divided and the divorce process can proceed accordingly.
Aggrieved Spouse
Many times, in particularly acrimonious divorces, an aggrieved spouse will attempt to overspend on a joint account, ostensibly to prevent their former partner from acquiring any benefit from the account or for spite. So any joint-credit-card accounts that exist should be closed immediately. Both spouses must be protected from the debts of their partner if the divorce is to be amicable and efficient. After all, There is no reason things have to be worse than they already are.
Creditors' Obligations
Your creditors are not obligated to respect the terms of your divorce settlement. Regardless of whether it is you or your spouse who has decided to pay a certain bill, the credit card company will automatically look to the person whose name is on the card. As with many things relating to credit card debt, it may behoove you to get in contact with your creditors and explain the situation. It may be possible to transfer the debt to the appropriate person as well as clear up any possibilities for future problems having to do with your personal situation.
Regardless of how it goes, just remember that the process of divorce is as tough on your partner as it is on you. But divorce and excessive credit card debt need not happen between two responsible adults. There is no reason to make things worse by being a hard nose about something like credit card debt. Get it handled and get it paid and be done with things once and for all. You'll feel better for having done so.
Ken Muller is a credit card debt enthusiast. Visit All About Credit Card Debt for more expert advice on the Settling Credit Card Debt [http://www.allaboutcreditcarddebt.com/] and other tips you can use right now to eliminate credit card debt.
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