Will my wife’s unpaid debt hurt my credit score?
She has unpaid bills resulting from medical bills, which are arriving in her name only (although she is under my insurance coverage). She also has overdue bills resulting from goods purchased in her name only, such as magazine subscriptions and so forth. She has an attorney bill for over $ 3000 in her name alone. She also opened a bank account credit card with a secured line of credit which she has exceeded to the tune of nearly $ 500. That account is in her name alone.
I have excellent credit and am very responsible. Wish I could say the same for her. She lost her job but still managed to ring up debt. My concern is that her irresponsibility with all this will affect my credit, and that her creditors can eventually take action against me (I live in Illinois). So, down to only my income and having two children and her to support, I’m up against it with no room to spare. I continue to pay the mortgage and all bills in my name as a matter of priority, but then the money runs out. Her bills remain unpaid and they keep coming.
Can anybody advise me? Will my credit eventually be affected, and will the creditors hold me responsible? Thanks in advance.