AmberHeartsDisney
DIS Veteran
- Joined
- Apr 21, 2009
Did you ever have anything in your own name? If you have NO credit score I think it could be hard. You should maybe get a secure one at first.
With a credit card, not debit card, I am only liable for $50. The credit limit doesn't matter if the card gets stollen since it's credit only, no debit.
I think the latest credit card laws will make it difficult for you to get a card on your own. Instead of household income, a lender is supposed to look at the individual's income to determine their creditworthiness.
Apparently the law is mandatory later this year, but I many credit card companies are already making the change. So, if you are going to apply, sooner is definitely better than later. Good luck!
This really infuriates me! A SAHM/SAHF is a working individual! She/He earns that money too that their spouse brings home. Just another way to say if you choose to RAISE your OWN children, you are not worthy.
This really infuriates me! A SAHM/SAHF is a working individual! She/He earns that money too that their spouse brings home. Just another way to say if you choose to RAISE your OWN children, you are not worthy.
Um, no, not from the bank's point of view. While you may be doing something valuable, it's not something that generates an income, and that's what they care about. Why should they be eager to loan money to someone who has no means of their own to pay it back?
I don't really see why this should be so infuriating, honestly.
If you are content to let your husband earn the money for the family, then why would it be different to share a credit card with him too?
If the couple should divorce, the one without cards in own name, no income are being discriminated against. How is that person to get on their feet if not allowed to use household income anymore? (Prior to divorce of course)
Well, I don't find it discriminatory to decline to loan money to someone who has no income. Honestly, it seems pretty basic to me. It's just one of those trade-offs that people will have to take into consideration when deciding whether or not to get a paying job.
I think it's rather discriminatory. When you're a SAHM/F you are being paid by your spouse in a sense.
Just because there's no W2 or 1099 attached to the pay doesn't mean it's not a job.
But not in the sense that will allow you to pay your bills in case of death or divorce or simply a spouse deciding they don't want to pay "your" bills any more.
True, but there are a lot of important roles that don't produce income.
Not really trying to be sneaky...but just curious really. Like the free flight deals or Disney $200 gift card Visa deals, could my hubby apply for one and me apply for a totally different one?
But we're just beating a dead horse since we can't change anything. I was just agreeing with a PP on the discrimination comment.
I think it's rather discriminatory. When you're a SAHM/F you are being paid by your spouse in a sense. Just because there's no W2 or 1099 attached to the pay doesn't mean it's not a job.
People who do not have an income of their own should not be given credit. It just makes NO common sense to extend an individual a line of credit when that individual doesn't have their own income to repay it.