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Why do you need help with credit repair?

Can a judge take away my financial responsibility by awarding my spouse the home.

10/19/2017

1 Comment

 
1 Comment
Mike Lee
10/19/2017 12:22:20 pm

The judge said I wasn't responsible for the mortgage loan. The judge awarded it to my spouse. A divorce decree does not alter the contract with your lender or change the entry on your credit report. Although the judge may have ruled that your ex-spouse would be responsible for making payments on the mortgage, if you didn’t contact the lender and have them remove you from the contract, you are likely still responsible for the debt.
In most cases, removing your name from the loan is only possible if your ex-spouse is able to qualify to refinance the loan in his name only. In some cases an assumption of the loan may be possible, but he likely would still need to prove that he is able to repay the debt on his own.
If he is unable to qualify, the lender does not have to release you from the joint contract, and the mortgage account will remain on your credit report.

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  • Home
  • Contact
  • Services
    • Student Loan Options
    • Judgment Removal
    • Tax Lien Removal
    • Charge Off Removal
    • Collection Deletion
    • Credit Deletion
    • Opt Out Pre Screen
    • Chexsystems
    • Dispute Code Removal
    • Late Payment Removal
  • DEBT VALIDATION
    • Fair Credit Billing Act
    • Medical Debt
    • Student Loan Debt
    • F D C P A
    • Mortgage Debt
    • Installment Debt
    • Debt Options
    • The Fair and Accurate Credit Transactions Act
    • Fair Credit Reporting Act
  • Credit Repair
    • Time Lines
    • How Are Late Payments Affecting Your Score
    • Credit Score >
      • The Major Credit Reporting Agencies
    • Collection account removal
    • Clean Up Your Credit Report
    • How Long Do Items Stay On Your Credit Report
    • Ways to Improve Your Credit Score
    • Dispute Credit Report Error
    • How to Fix Your Credit
    • How to Remove Collection Accounts From Your Credit Reports
    • how to fix errors on credit reports
    • Eviction on your credit report
    • Credit Inquiry
    • Your credit report account mix
  • Make a Change
  • Credit Tips
  • Credit Coach
  • Fraudulent Credit Accounts
  • Negative Info Stays On Credit Reports
  • Debt Settlement Companies
  • Credit Score Boost
  • Establishing Good Credit Habits
  • Getting Your First Credit Card
  • HOW IMPORTANT IS A CREDIT CARD
  • How Many Credit Cards Should You Have
  • FAQS
    • Faqs2
  • National Lenders
  • Credit Card Companies
  • Free
  • How credit repair works