cancel
Showing results for 
Search instead for 
Did you mean: 

I ruined my husband's credit and he doesn't know it

New Visitor

I ruined my husband's credit and he doesn't know it

I have ruined my husband's perfect credit, by opening cards and defaulting on existing cards. How can I fix this?
11 REPLIES
Established Member

Re: I ruined my husband's credit and he doesn't know it

How many card? Total Balance owed?

New Visitor

Re: I ruined my husband's credit and he doesn't know it

A total of 4 cards. A total of $11000.
Valued Contributor

Re: I ruined my husband's credit and he doesn't know it

You can't fix it, you can only come clean and accept whatever the penalties are. He has to fix it himself.

Since they were fraudulently opened he can fix them by informing the police and having the accounts shut down, but there may be penalties for you there.
FICO8FICO8Visit:
03/1710/17My 11
Rules to
Credit
Rebuilding
550EX
570TU
559EQ
710EX
699TU
734EQ
New Visitor

Re: I ruined my husband's credit and he doesn't know it

If I were to pay these debts off...would his credit improve over time?
Established Member

Re: I ruined my husband's credit and he doesn't know it

Not really! I agree also, come clean, stop spending, or close the accounts, and yes pay off the debt. If you were late on any of the accounts (30 days or more), it will be on his report up to seven years. Unfortunately the damage has been done, but you can change things in the next few years. Start by paying the debt down and pay on time (TODAY), never miss a payment.....never! Don't spend no more than you can afford!! pay THE BALANE OFF EVERY MONTH! I would consult wtih him about was has happen and always visit this forum, you can learn alot!!! Good Luck!!!

Established Member

Re: I ruined my husband's credit and he doesn't know it

Do you have anything in collections?

New Contributor

Re: I ruined my husband's credit and he doesn't know it

This is none of my business but you did post it in a public forum so here is my opinion. These nice people are trying to help you out but I think you need to look for the real problem here, not the result of the problem, which is the financial situation. You spent $11K on something - what was it? What was the motivation? Is there a gambling or substance abuse thing?  Some sort of behavior that caused the financial issues? You have to get to the root of the problem or it will continue and get worse.

"Nobody had a credit card when I was a kid. No one had credit card debt. But these big companies and banks wanted to know how to get more money out of people - get them charging things." - Michael Moore
Highlighted
Super Contributor

Re: I ruined my husband's credit and he doesn't know it

Unless you open ther cards in his name or an AU on his card, I don't think you ruined his credit.  Also what happened to the statements?  If the card is in his name, why didn't he check the balances?

10/17/2017 FICO: EQ 829 TU 830 EX 826
Community Leader
Super Contributor

Re: I ruined my husband's credit and he doesn't know it


catburg1972 wrote:
I have ruined my husband's perfect credit, by opening cards and defaulting on existing cards. How can I fix this?

Since he is your husband, I suggest you don't fix it in secret but rather open up and be honest with him.  Put yourself in his shoes and if he were the one to do that, wouldn't you want to know?.

 

He is going to find out one way or another.  There is no hiding it if you have defaulted.  So start by telling him and then figuring a way to pay the money back.