Hey guys, I turn to you again for advice.
My brother just got seperated with his wife. SInce he left the house around a year ago, she pretty much maxed out two credit cards that they were both joint accoutn holders. He was unaware of this untill now when he checked his credit history.
If she agrees to take his name off of the join credit card account will the bank do it? The two caredit cards one has limit of 10,000 and the other one has limit of 15,000, are with Fst. Commonwealth FCU. One has balance of 964 and the other card has balance of 11,500.
WIll bank the bank allow my brothers name to be taken off if she agrees to it?
Thanks for all your help in advance.
Starting Score: TU-775; EQ-799; EX-766
Hi called her and said for her to take his name off the the accounts, they paid them off right before he moved out and he took the cards. She got a hold of them again and started paying mortgage with them. She said she was gonna go to the bank and will remove him, but im just not sure if the banks will go for that, especially if they have 20,000 balance. I am just not sure if they even do that, remove a name from a joint accout, but if they do, he may have a shot of getting out of this somehow.
SMikulski49 wrote:Hi called her and said for her to take his name off the the accounts, they paid them off right before he moved out and he took the cards. She got a hold of them again and started paying mortgage with them. She said she was gonna go to the bank and will remove him, but im just not sure if the banks will go for that, especially if they have 20,000 balance. I am just not sure if they even do that, remove a name from a joint accout, but if they do, he may have a shot of getting out of this somehow.
If she got hold of the cards again (essentially got duplicate cards from bank/CU) while he had taken away the cards I don't see how she will let him get out of this so easily. I have a feeling that he may have to pay a huge chunk of this 12500 balance.
He can close the accounts and she can't re-open them... but it's not very likely to get himself removed... some banks will do it but she would have to essentially qualify for the accounts on her own before they would remove him and since they are maxed... 2 people is better then 1... i don't see it happening.
