Credit For Stay-At-Home Spouses

Are you a stay-at-home spouse and have had problems in the past getting a credit card?

If you’re like the 16 million other stay-at-home spouses with no income, who are struggling to qualify for a credit card, there is hope.

Prior to 2009, credit card issuers could use shared household income to determine the borrowers ability to pay.

But when the 2009 Credit Card Act went into effect, the Feds required each spouse to now show an income. Of course this made it impossible for many to get a credit card.

Recently the Consumer Financial Protection Bureau made changes to the 2009 Credit Card Act, and is now allowing third-party income to be considered for the applicant.

This should now make it much easier for you to get access credit.

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