Credit protection of future spouse

[Bob92127 0]

Please let me know if there is a better place to post this.
California.  Alice had a boyfriend Dave of 30 years.  Their business fails and Alice takes on $30k in credit card debt.  Alice is too kind to impose this debt on Dave.  Alice moves out, is unemployed, debt collectors have been assigned.  Alice is working with a bankruptcy attorney, Alice plans on declaring bankruptcy to clear the debt.  Alice has a different credit and debit card tied to Carl's account she currently uses but will need to give these up soon for unrelated reasons.
Alice is planning on moving in with and marrying Bob.  Because of Bob's job, Bob must maintain a spotless credit record.  Bob is planning on giving Alice a credit card tied to his account when she moves in since she will be without a credit card.
Alice and Bob want to make sure that Bob's credit is not tarnished,  how is this best done?

[alwayswinning36 13]

4 minutes ago, Bob92127 said:

Please let me know if there is a better place to post this.
California.  Alice had a boyfriend Dave of 30 years.  Their business fails and Alice takes on $30k in credit card debt.  Alice is too kind to impose this debt on Dave.  Alice moves out, is unemployed, debt collectors have been assigned.  Alice is working with a bankruptcy attorney, Alice plans on declaring bankruptcy to clear the debt.  Alice has a different credit and debit card tied to Carl's account she currently uses but will need to give these up soon for unrelated reasons.
Alice is planning on moving in with and marrying Bob.  Because of Bob's job, Bob must maintain a spotless credit record.  Bob is planning on giving Alice a credit card tied to his account when she moves in since she will be without a credit card.
Alice and Bob want to make sure that Bob's credit is not tarnished,  how is this best done?

Bob getting Alice a card on his account doesn't mean her credit goes on his. If it did, it would only be specific to her use of said credit card he provided, not her entire credit history.

[alwayswinning36 13]

We are speaking of Bob simply adding her as an authorized user to his already established account, correct? Not opening a new joint account or making it a joint account?

[Bob92127 0]

1 minute ago, alwayswinning36 said:

We are speaking of Bob simply adding her as an authorized user to his already established account, correct? Not opening a new joint account or making it a joint account?

Yes, the original question addressed Bob simply adding Alice as an authorized user to his already established account, but, you bring up a good point, what if Bob wanted to add Alice to make it a joint account?

[alwayswinning36 13]

2 minutes ago, Bob92127 said:

Yes, the original question addressed Bob simply adding Alice as an authorized user to his already established account, but, you bring up a good point, what if Bob wanted to add Alice to make it a joint account?

If he wanted to make it a joint account, pretty much the same scenario. It would only limit his exposure to her credit debt on his reports relating to that account. But to that point, Bob may want to consider this all again carefully. Considering her prior woes with debt.

Any JOINT account, will affect both Bobs and Alices scores for one and the others credit mishaps.

[Bob92127 0]

Is it important that Alice's bankruptcy be complete before Bob gives Alice a credit card tied to his account?

[alwayswinning36 13]

4 hours ago, Bob92127 said:

Is it important that Alice's bankruptcy be complete before Bob gives Alice a credit card tied to his account?

I wouldn't think so. Again, simply making her an authorized user on his credit card doesn't mean her prior present or future bad credit goes on his reports other than that specifically used with that specific card she is authorized to use. Now, if Bob on the same account he authorizes a card for Alice on, destroys his credit with that card, in turn that negative credit will also appear as it relates to the use of that card account specifically on Alices reports as well.