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It Is Critical For Married Women To Establish Credit In Their Own Names.
Woe to the woman who divorces or is widowed when she discovers she has no credit history, and that what she thought was credit in her name is actually in her husband’s! This is a major cause of poverty in older women (who stayed at home and never worked outside) when they apply for loans or a mortgage and discover they are a financial nonentity. Responsible couples must establish separate checking and banking accounts and credit cards in both of their names. It is also necessary to put the wife’s name on the house deed and mortgage account.
 chispa  13 Mar 2008 20:59
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I agree. It is important to have a bank account too. You never know what can happen. It is OK to be in love but NOT OK to be fighting and yelling over money either.l
 
 Tepal  17 Jun 2008 03:55
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Sounds like good advice! Most women do though I think with joint accounts & joint property ownership etc.
 
 jimkerry  16 Jun 2008 08:13
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Where I am from women marry for a new line a credit in a new name once theirs spoil. Then again, then again, then again.
 
 Bacchus  17 Jun 2008 04:06
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 My experiences have been that when couples split, my girlfriends have wound up having to pay of debts their husbands racked up silently. It goes the other way, too, though.
by  Lynn
 25 Dec 2008 10:04
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