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What Should I Consider Before Entering into a Joint Debt?

by Rodney Hatcher | Feb 1, 2022 | Joint Debt

What is Joint Debt? Joint debts are liabilities where the obligation for paying the debt falls on more than one party. Lenders will sometimes require joint loans to add an extra party for collection if there is an issue with repayment. A joint debt can be: 1. A...
Put your money where your name is – what it really means to be a second cardholder of a credit card

Put your money where your name is – what it really means to be a second cardholder of a credit card

by Rebecca Frederick | Oct 16, 2014 | Credit Card, Credit Rating, Joint Debt

When you sign up for a credit card or loan you’re obviously on the hook for the debt. But what if you’re a second cardholder and someone else is the primary cardholder – what are your responsibilties? Read on – you are about to find out that the devil is in the...

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    Frederick & Company Ltd.
    Licensed Insolvency Trustee
    Consumer Proposals & Debt Consolidation Services
    63, 201 Kaska Road
    Sherwood Park, Alberta
    T8A 2J6

    From Financial Distress to Financial Success™

    Phone: 587-269-3009
    Fax: 587-400-9855
    Email: HELLO@frederickandcompany.ca