Cash Loans – Cash Advances

Community property is best described as the property acquired during a marriage- not including gifts or inheritance. The property is owned jointly by both spouses and is divided upon divorce, annulment, or death.

There are nine community property states, including:
- Arizona
-California
- Idaho
-Louisiana
-Nevada
-New Mexico
-Texas
-Washington
-Wisconsin
-Puerto Rico
-As well as several Indian reservations also allow property to be owned as community property.

Legally, one spouse is responsible for individual or authorized user accounts of the other spouse if they live in a community property state. If this is the case, unfortunately, the surviving spouse will likely suffer the consequences of a bad credit report. Otherwise, if they do not live in a community property state the surviving spouse is not held accountable for the other spouse’s debts (and their personal credit with likely be unaffected).

Your Personal Credit

Because your credit score is used to determine your financing options on just about any major purchase, it’s important the value reflects an accurate number. Errors on your credit report could hurt your chances of qualifying for a loan or force you to pay a higher interest rate than you actually qualify for!

Your credit report contains detailed records of your credit and loan accounts, public records, collection records, employment history, and even your current address. Even the slightest error can have an effect on your personal credit for years to come.

To order a free credit report, visit: AnnualCreditReport.com or call 1-877-322-8228.