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Credit Ruined By Divorce

Posted on: Thu, 05/14/2009 - 21:05
Credit Ruined By Divorce

I couldn't believe it. My friend got a divorce and her husband was awarded his new truck and she got the house. Story short, he didn't make the payments on the truck on time and when she went to re-finance her house; his delinquent payments were on her creditMoney loaned or the ability of an individual or company to borrow money.. She tried reasoning with the credit bureau, even sent them a copy of the divorce order showing that the truck was not her responsibility. It didn't matter, even though she no longer had possession of the truck; the loan was still in her name as well.

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Posted on: Fri, 05/15/2009 - 10:45 #1

Been there, done that. Just because a judge says you aren't responsible, it doesn't mean the debtor won't hold you to the contract. I spend years paying off a Sears creditMoney loaned or the ability of an individual or company to borrow money. card that was my ex-husband's responsibility according to the judge.

Posted on: Mon, 05/18/2009 - 13:26 #2

When you get married you take on the debt and creditMoney loaned or the ability of an individual or company to borrow money. sharing that the other person has, its that simple. I know when I first got together with my mate they had issues in the past, resolved, but still showed "late paid" for the what 7 years I think it is? That dinged my reports as well, but its clear now and we are both in good shape. And yes, if your name is on it, it is your own to take care of, otherwise your name should not be on it (co-signers beware).

Posted on: Sat, 05/23/2009 - 07:11 #3

I get the story of she got everything ... and she really did. She got the house, the cars, and any bad debts he decides to create by not paying for anything will show up on her creditMoney loaned or the ability of an individual or company to borrow money. too. Divorce is a nasty thing. Very rarely do people get to get a divorce where nasty crap doesn't happen. Especially when attorneys get involved!

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