Thinking about corporate credit cards, don't leave yet. This is true even if a divorce decree assigns separate debt obligations to each spouse. Former spouses who run up bills corporate credit cards and don't pay them can hurt their ex-partner's credit histories on jointly-held accounts. If your file contains accurate negative information, only time and good credit habits will restore your credit-worthiness.
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What's more, if you continueto charge while carrying an outstanding balance, your debt can snowball. Before you know it, your minimum payment is only covering the interest. If you start having trouble repaying the debt, you could tarnish your credit report.
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If the amount you owe is close to your credit limit, that is likely to have a negative effect on your score. A card issuer must corporate credit cards credit your account on the day the issuer receives your payment, unless the payment is not made according to the creditor's requirements or the delay in crediting to your account does not result ina charge.
