Joint Credit

What is ‘Joint Credit’

Credit issued to two or more people based on their combined incomes, assets and credit histories. Joint credit can be issued to multiple individuals or organizations. The parties involved accept joint responsibility for repaying the debt.

Explaining ‘Joint Credit’

Many married couples apply for joint credit. This is especially true with the purchase of a home. Joint credit is an issue and concern in divorce proceedings, under which the terms may give one partner responsibility for certain debts and the other partner responsibility for other debts. It is possible that subsequent to the divorce proceedings, the former partners may still affect one another’s credit.

Further Reading

  • Discriminating the number of credit cards held by college students using credit and money attitudes – [PDF]
  • An economic model of trade credit – [PDF]
  • Stock options and credit default swaps: A joint framework for valuation and estimation – [PDF]
  • Group-lending: Sequential financing, lender monitoring and joint liability – [PDF]
  • A particle swarm optimization for solving joint pricing and lot-sizing problem with fluctuating demand and trade credit financing – [PDF]
  • A joint approach for setting unit price and the length of the credit period for a seller when end demand is price sensitive – [PDF]
  • The economics of lending with joint liability: theory and practice – [PDF]
  • Financing smallholder production: A comparison of individual and group credit schemes in Zimbabwe – [PDF]
  • Joint pricing and replenishment decisions for deteriorating items with lot-size and time-dependent purchasing cost under credit period – [PDF]
  • Efficiency of the Brazilian credit unions: A joint evaluation of economic and social goals – [PDF]