start-over Posted March 4, 2005 Report Share Posted March 4, 2005 Hey All I am goin thru BK (waiting for discharge, past the 341) my GF has credit issues. Can I open up an account for her in my name but have her be the only one using it?, and can they garnish for her if my name is the main on the account? We do not have any other accounts together. She is wanting to clear her credit up but is still struggling with doing so, Cash on hand = Cash gone... No lawsuits for her so far, just collection agencies. Any ideas on what to do for her would be alot of help, Thanks Guys... (and gals ) Link to comment Share on other sites More sharing options...
willingtocope Posted March 4, 2005 Report Share Posted March 4, 2005 While you may be able to get a "secured" credit card in your name, its probably too close to your BK for that. And...heaven knows I've no room to lecture...but why would you even consider another CC? I assume that had a lot to do with your BK.Do you or your GF realing need the credit, or are you just looking for a debit card? If the latter, then just open a checking account at another bank... Link to comment Share on other sites More sharing options...
mmmagique Posted March 4, 2005 Report Share Posted March 4, 2005 Having learned my lesson the hard way, I would like to see you learn yours the easy way. (through other's mistakes)Never get an account with someone who is not your spouse.Do not contemplate marriage until both of you get your credit issues straightened out.Be there for her in every way you can, but do not put your own credit on the line for another person.There is a reason she can't at this time get a bank account.Let her get it taken care of on her own.Get her all the info she needs to do it, help her fill out paperwork (but don't put your name or soc sec # on any of it), give her emotional and moral support, and help her to stand on her own.Then, when all is taken care of, you will have helped her to be strong and to stand on her own. That is worth more than bailing her out.And oh, yeah, by the way, if you do get an account with both of your names on it, they can take everything in there if there is a judgement for that amount.Good luck!! Link to comment Share on other sites More sharing options...
bingo Posted March 5, 2005 Report Share Posted March 5, 2005 Do not comingle assets until you at least get your bk dischare.It's never a good idea to comingle finances with someone having financial problems.The comment cash on hand =cash gone is distrubing. Why wouyldn't cash in bank and ATM card/chekbook = cash gone?You can't afford any finanial miscues post bk. Don't put yourself in that position. Link to comment Share on other sites More sharing options...
start-over Posted March 7, 2005 Author Report Share Posted March 7, 2005 Thanks All, After thinkin about it and the reading the last two post really made it sink in... I just brushed all the dirt off from fallin in the hole I created, do I really want to fall in again??? uuhhhhh NO I will help her take steps, but not have her "hiding" in an account in my name. Once again Thanks, I am soo glad I found this site. Link to comment Share on other sites More sharing options...
mmmagique Posted March 7, 2005 Report Share Posted March 7, 2005 Good luck to you guys!! I hope things go well for ya. Christina Link to comment Share on other sites More sharing options...
bingo Posted March 7, 2005 Report Share Posted March 7, 2005 You made a wise decision. You won't be able to help her or anyone else if you fall back in that proverbial hole.One thing I suggest folks that are post bk to consider is, do you have adequate insurance? If you're upside down in a car, get GAP insurance. Do you have renters insurance? WHat about both longterm and shortterm disability insurance?You're terribly vunerable the first few months and years post bk. Don't let an auto accident or a fire or an illness that forces you to miss a lot of work wipe you out.And no, I don't sell insurance! Link to comment Share on other sites More sharing options...
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