My wife has $5880 in credit card debt that has been turned over to collections. Do I have to worry about the debt affecting my credit? Will a judgement affect me? How likely is it that the company will sue? Can the company go after our joint checking account? How about a joint CD? I live in Michigan, and it isn't a community property state, does this help me? Please help me any thoughts will be greatly appreciated.

I don't know MI state laws, but these answers are general rules of thumb:

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Originally Posted by BillyJeff

My wife has $5880 in credit card debt that has been turned over to collections. Do I have to worry about the debt affecting my credit?

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If you were not on the account with her, then it should not affect your credit.

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Originally Posted by BillyJeff

How likely is it that the company will sue?

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You can never guess... but since they can, you should assume that they will.

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Originally Posted by BillyJeff

Can the company go after our joint checking account?

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Very probably.

[QUOTE=BillyJeff] How about a joint CD? I live in Michigan, and it isn't a community property state, does this help me? /QUOTE]

I don't know about these last two.

There are other good credit folk on this site, though, let's see what they have to say.

Good luck with it, Billy.