Maintaining Credit Score After Divorce

iVillage Member
Registered: 07-17-2008
Maintaining Credit Score After Divorce
8
Thu, 07-17-2008 - 4:26pm
I hope someone can give me some ideas on saving my credit scores.
iVillage Member
Registered: 07-12-2004
Thu, 07-17-2008 - 4:55pm

I don't know if there is much you can do.

iVillage Member
Registered: 07-17-2008
Thu, 07-17-2008 - 5:01pm
Thanks Cathy.
iVillage Member
Registered: 10-25-2006
Fri, 07-18-2008 - 7:44am

Let,


Hi. My first question is this: WHERE THE HECK WAS YOUR LAWYER?


You should never have signed over the quitclaim without him refinancing the house in his name. If your name is on the mortgage and he defaults YOU will take the hit on your credit.


Is there any way you can make the mortgage payments until the court meets? I know, that's not the ideal, but its the best way to protect your credit while you sort this out. As the other poster noted, a foreclosure will destroy your credit. It will take seven years to get it off your credit. Did your EX file bankruptcy?


Either way, he's stupid. Not only will he trash your credit if the house goes to foreclosure, the home will be repossessed and sold to pay the bill. Where's he going to live?


I'd get the second opinion of another lawyer before doing anything else. Your original attorney either dropped the ball completely or you simply didn't get a fair settlement.


Good luck and let us know how it goes.

CL-Wisdomtooth2020


Some commonly misspelled words on this board:


You're = contraction of "you are"; You're going away?

CL-Wisdomtooth2020

iVillage Member
Registered: 07-17-2008
Fri, 07-18-2008 - 8:33am

Thanks for your input.


As frequently happens in divorce, things can get complicated.

iVillage Member
Registered: 03-04-2008
Fri, 07-18-2008 - 9:13am

Hi first off your attorney blew it. The court should not have ordered you to sign over the house until he took over the mortgage.


Gete a new attorney and go back into court to force xH to refinance the mortgage (I am assuming it is non assumable mortage).


Notify all of the 3 major credit bureaus about the divorce and watch your credit reports.


stunned0/sonya


iVillage Member
Registered: 07-17-2008
Fri, 07-18-2008 - 9:17am
Thanks for the idea of contacting the credit bureaus.
iVillage Member
Registered: 11-28-1999
Fri, 07-18-2008 - 2:40pm
You do have a right to put a "dispute" on the credit report and explain the situation also.
iVillage Member
Registered: 07-17-2008
Fri, 07-18-2008 - 2:53pm

I'm thinking about sending the 3 credit bureaus copies of the divorce decree and the contempt motion that my attorney filed.