The Shared Debt Dilemma
You’re finalizing your divorce and discover a credit card in both your names with a $4,000 balance, most of which your ex ran up on their own without telling you. The divorce agreement doesn’t specify who pays it, and the creditor can legally pursue either of you for the full amount.
What now?
Follow-Up Questions
- What made you choose that option?
- What could happen if you simply did nothing?
- Would your decision change if the balance were $40,000 instead of $4,000?
Present the scenario to your teen or preteen. Get his/her response. Discuss the response. Share in the comments section.