Results 1 to 4 of 4
  1. #1
    Join Date
    Mar 2009
    Posts
    2

    Default Credit Responsiblity

    My question involves divorce in the State of: Colorado

    I was in a common law marriage and filed for divorce. My ex has taken ownership of furniture as agreed upon per JDF1115 Separation Agreement. The debt for the furniture was also agreed to be 100% of the ex's responsiblity. The only problem is the debt falls under my responsibility per credit report. What kind of protection or outlet can I seek as to not provide damage to my credit?

    Thank you so much in advance!

  2. #2
    Join Date
    Apr 2008
    Location
    Texas (Dallas area)
    Posts
    1,404

    Default Re: Credit Responsiblity

    Quote Quoting blayjin
    View Post
    My question involves divorce in the State of: Colorado

    I was in a common law marriage and filed for divorce. My ex has taken ownership of furniture as agreed upon per JDF1115 Separation Agreement. The debt for the furniture was also agreed to be 100% of the ex's responsiblity. The only problem is the debt falls under my responsibility per credit report. What kind of protection or outlet can I seek as to not provide damage to my credit?

    Thank you so much in advance!
    As far as the credit bureaus and your lender are concerned you are still responsible for the debt if your signature is on the loan papers.

    You have no protection from the lender if your ex defaults. You signed a note to repay the loan. They could not care less about your divorce and your agreement with your ex.

  3. #3
    Join Date
    Mar 2009
    Posts
    2

    Default Re: Credit Responsiblity

    Thanks for the response. If I were to get a loan and pay it off, do I have a legitimate claim to seek reimbursment? She has full responsibility per separation agreement to provide payments for the furniture.

  4. #4
    Join Date
    Apr 2008
    Location
    Texas (Dallas area)
    Posts
    1,404

    Default Re: Credit Responsiblity

    Quote Quoting blayjin
    View Post
    Thanks for the response. If I were to get a loan and pay it off, do I have a legitimate claim to seek reimbursment? She has full responsibility per separation agreement to provide payments for the furniture.
    That is a very very good idea. But I would have your ex sign something so you can collect the payments. OR you can pay the payments ontime to the lender each month and have your ex pay you. If your ex defaults then you can go after your ex without having your credit scores trashed.

    1. Sponsored Links
       

Similar Threads

  1. Traffic Lane Violations: Vanpool Passenger Responsiblity to Communicate to Driver
    By arbed in forum Moving Violations, Parking and Traffic Tickets
    Replies: 2
    Last Post: 09-19-2010, 06:55 AM
  2. Banking: Credit Union Threatening Car Repossession Due to Credit Card Debt
    By americanwoman1 in forum Personal Finance And Investment Law
    Replies: 2
    Last Post: 12-13-2009, 07:31 PM
  3. Debt Collectors: Is Lowering Credit Limits An Illegal Credit Card Practice
    By lostinparadise in forum Debts and Collections
    Replies: 2
    Last Post: 03-22-2008, 08:37 AM
  4. Easement Maintenance Responsiblity in West Virginia
    By cookies26704 in forum Real Estate Ownership and Title
    Replies: 5
    Last Post: 09-23-2007, 04:47 PM
  5. Credit Reports: Ten-Year-Old Credit Card Debt Still Appearing On Credit Report
    By amandalynn79 in forum Personal Finance And Investment Law
    Replies: 5
    Last Post: 04-04-2007, 10:25 AM
 
 
Sponsored Links

Legal Help, Information and Resources