Impact of new credit card regulations on SAHP's

iVillage Member
Registered: 11-22-2000
Impact of new credit card regulations on SAHP's
1062
Wed, 10-19-2011 - 11:38am

I saw a little bit about this this morning, and immediately thought of this board.


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iVillage Member
Registered: 01-15-2006
pre-marriage counseling and divorce planning at the same time?

there's something wrong with that concept IMO.

 

iVillage Member
Registered: 12-07-2003
I've done quite a few of those kinds of store credit cards and never thought once about checking with DH before I did it. Usually afterwards I'll say something like, "Oh, and by the way, I signed up for a Banana Republic credit card to get the 10% discount. Be sure to give me the bill if you happen to get the mail so I can pay it off."
iVillage Member
Registered: 06-04-2003

I use to get those credit cards - to get 10% off - and sometimes I still do - but I cancel them a few weeks later.

My financial advisor says they show you have a large credit line and lowers your credit score which increases your interest rate when you go to refinance or get a loan.

BTW here is a great quote from Pemela Redmond Satran: Women Should...

iVillage Member
Registered: 12-07-2003
Yes, there are. Or at least there used to be in 2001.
iVillage Member
Registered: 12-07-2003
We have separate credit cards (i.e. my name isn't on his account and my name isn't on his account). We did it when we first got married to make sure we were both building credit separately. That doesn't mean either of us has secret credit cards that the other doesn't know about though.
iVillage Member
Registered: 01-15-2006

wow, thanks for that 10 year old example! and are young adults still paying for shopping sprees and bar tabs they charged 10 years ago then, too?

edited to correct math, Lol.

 

iVillage Member
Registered: 02-04-2009

Granted I"m no math major, but I"m pretty sure 2001 was 10 years ago, not 11.

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Kitty

"If you can't annoy somebody with what you write, I think there's little point in writing."-- Kingsley Amis, British novelist, 1971 t .

iVillage Member
Registered: 12-07-2003
I'm not, but I'm sure some are. And in many cases, it's probably books and food from college, rather than shopping sprees and bar tabs.
iVillage Member
Registered: 07-17-2007

I don't think I have "applied for credit" without him knowing about it since we were married.

iVillage Member
Registered: 07-17-2007

Those are good.

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