Re: Financial Follies that Break the Relationsh
08-12-2011 03:22 PM
I'm all for dividing up responsibilities for payments, if that's what makes sense for a couple, but IMO, any jointly-held credit (mortgages, CC's, etc.) should be reviewed monthly by each person to make sure that everything is OK.
That's the killer about joint credit; it only takes one person to mess up for both people's credit to be damaged, and there's rarely much recourse.
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007