Can You Help Me Find Information?

time after time. Here are a few of the most popular.

Q: Since many credit cards offer zero liability for fraud or unauthorized use, why should I worry about identity theft?

A: Identity theft is a long-term problem, even if you have no legal liability for the initial unauthorized purchases. Once your information has been compromised, new incidents of fraud and misuse may continue for years to come. Consumers can spend months or even years contesting bills, straightening out credit reporting errors and resolving traffic tickets or outstanding warrants for more serious crimes committed in their names.

Q: I know both spouses are equally responsible for debt incurred during the marriage in community property states. But what’s the law in other states? If one spouse dies and leaves behind debts that were made just in his or her name, is the surviving spouse obligated to pay them?

A: The surviving spouse isn’t obligated to pay them, but the estate of the deceased is. The executor of the estate, which is often the surviving spouse, has to pay all the debts of the deceased before any inheritances are distributed. If someone dies penniless?with nothing of value that can be sold?then there?s nothing the creditors can do about the outstanding individual debt of the deceased.

Q: What?s that website where I can get free copies of my credit report?

A: AnnualCreditReport.com is a centralized source for consumer credit reports. The site was created by the Big Three credit reporting agencies–Equifax, Experian and TransUnion. It?s the one and only address to use to get a free copy of your report from each company once every 12 months.

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