Dear To Her Credit, How can I remove my husband from my Bank of America Visa credit card that we have jointly? The bank says to close it and re-apply. We have been married 17 years. We are getting divorced.
This was my card, and I added him to it years ago. I don’t want to start over because I need the credit and credit rating. It also has a lot of mileage rewards on it. Besides, I don’t make much money now, so I may not even qualify. Both my husband and I have very good credit scores with no outstanding debts. — Teresa
Dear Teresa, The bank has the last word on this one, I’m afraid.
If your soon-to-be ex were only an authorized user on this card, it would be easy to drop him. As a joint account holder, however, the bank is counting on both of you to pay off any debts on this card.
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One of the reasons we all love Christmas so much is that it is a time for enjoying ourselves – and often indulging in a bit of excess. This is also one of the reasons the onset of January can hurt so much, because we have to rein ourselves back in and clear up the resulting detritus of the holiday season. Our finances are one of the main things to take a hit over Christmas, so this January, it’s definitely worth getting on top of this ASAP. From looking for new credit card offers to setting up plans to pay off any money you owe, there are quite a few things you can do to sort yourself out for the New Year…
Look for offers
It goes without saying that if you have a credit card, you should always use it sensibly. Howev Read all post…
We’ve had quite a few contests for our readers recently and it’s been a lot of fun. So I want to do something similar for our fellow personal finance bloggers. To kick things off, we have decided to give away a $500 Amazon.com Gift Card to one lucky blogger. We want to make this easy, here are the rules:
Entering The Contest is Simple
1. Write a post on your blog about achieving financial goals in 2012. We are leaving this pretty broad so that you can be creative!
2. Mention CreditShout in the post.
3. Email us a link to your post kevin(at)creditshout.com or tweet @CreditShout
That’s it!
Most importantly: The deadline for this is February 1st, 2012 at 11:59pm. This is only two weeks from now, so start now! This
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I am yet to speak with a merchant who enjoys issuing a credit for returned merchandise or cancelled services. It is sometimes easier to accept having to do it, but its never fun. That said, you should always honor a customers request for a refund, provided it complies with your return and cancellation policies. In fact, sometimes you may be well advised to process a credit even if the refund request is not entirely compliant with your policies. Otherwise you leave yourself vulnerable to chargebacks, whose validity is determined based on the Associations rules, not your policies.
In this article I will review the reasons, conditions, limitations and processing requirements applicable to Reason Code 85, which applies to disputes over credit transactions, and will offer prevention strategies, as well as possible remedial actions you can take in response to this type of chargeback.
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— Shelton Humphrey @ 8:27 am — 
January 25, 2012