Question: We have a joint line of credit. I have zero access to the line of credit, and the debt is 100% his. I know that I will be responsible for it, and will have to pay it.
My question is, how will this affect my credit report? Will it show as a bankruptcy?
Answer: You are correct, you will be responsible for the debt. We suggest that you contact the bank and work out payment arrangements with them. If you keep the loan current, it should not have a negative impact on your credit report, and since you have not gone bankrupt, a bankruptcy should not appear on your credit report.
