4.6 • 682 Ratings
🗓️ 5 June 2025
⏱️ 7 minutes
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0:00.0 | Brought to you by the Every Dollar app. Start budgeting for free today. |
0:06.7 | My question in short is, is my mom responsible for my dad's credit card debt? Here's what's |
0:12.9 | happened. He's been moved to assisted living about nine months ago. Before that, he'd racked up |
0:19.2 | credit card debt of about $18,000. |
0:23.3 | She's right now just paying off the interest on that monthly to get by. |
0:27.5 | He does have some VA assistance that helps with his assisted living, but she's 75. |
0:34.2 | She cannot afford to continue doing that, so I'm wondering, it's an American Express card. |
0:40.6 | How aggressive are they? |
0:42.4 | She let that go into default. |
0:43.8 | She's not on. |
0:45.1 | She's not on his. |
0:46.7 | She didn't co-sign with him, but she did at one time. |
0:51.2 | He got her a credit card, but she no longer has that. |
0:54.4 | She has just kind of an accessory. |
0:56.3 | It's all in his name. |
0:57.6 | It's his debt. |
0:58.6 | Does he have any assets? |
1:00.1 | Do they own a home? |
1:02.5 | Yes. |
1:03.6 | They do. |
1:04.3 | He's not living in it. |
1:05.2 | She is. |
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