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Leaving the U.S. with Debt: co-sign a credit card

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  1.  
    • CommentAuthormicheal
    • CommentTimeOct 20th 2009
     
    My wife co-sign a credit card for her sister 5 years ago. Since I lost my business and foreclosure our house and just pretty much hide from our debt. The credit card sent the bank statement to her sister and ask her to pay. Her sister didn't use that credit card for 3 years now since she build her own credit. What can she do? Can they do that?
  2.  
    If there's a balance on the credit card that is not being paid by your wifes sister, then they can bill your wife for the debt if she co-signed
    • CommentAuthormicheal
    • CommentTimeOct 22nd 2009
     
    It the other way around.. My wife co-sign her 5 years ago and she have not use her card for the last 3 years. So the statement have both names on it. My wife own the money and they go after her because they can't find my wife.
  4.  
    Yes that is correct... they will go after the co-signer.. that's the way it works
    • CommentAuthormicheal
    • CommentTimeOct 22nd 2009
     
    You got it all wrong. My wife co-sign her sister on a credit card 5 years ago. My wife charge the credit card and can't paid back because of lay off and now they go after her sister. Her sister didn't use the credit card. My wife is the one with the debt. But why they tried to go after her sister. Her sister haven't use that credit card 3 years ago. Do you understand what I am trying to say?
  6.  
    What matter is this... did your wife and her sister both apply for the credit card? It doesn't matter which one of them was the co-signer... they will come after both of them. It does not matter who ran up the charges. What matters is who signed the contract. If both your wife and her sister signed the contract, then the collector goes after both of them... it does not matter who ran up the charges.

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