Many happy couples want to share everything0share a meal, share a home, share a credit card. Wait! Share a credit card? Consider the risks and rewards of opening a joint account with someone, before you sign your name on the dotted line. A joint account can be convenient if both people agree on how to handle credit and finances. Unfortunately, the decision to open a joint account may lead to trouble for some, when differences in financial habits come to light after opening a joint credit card account.
A joint credit account is one in which both parties agree to be responsible for the charges incurred, regardless of who actually made the purchases. The credit card company will consider the credit history of both when you apply for credit, and the credit score of each person can be improved or damaged by the way the account is handled when it0s time to pay the bills.
A joint account is different from being an […]

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