Reply
Regular Contributor
cdub69
Posts: 137
Registered: ‎03-26-2009
0

Broken Lease

Me and my wife are getting a divorce in Texas.We had a home that we were leasing.We separated and my wife left the home before our lease was up.Now we both have a collection of $5000.00 on our credit reports.Since she has terrible credit she said would assume this debt.Is it possible to put that in our divorce decree and have this collection deleted from my report?

Senior Contributor
O6
Posts: 3,626
Registered: ‎10-13-2009
0

Re: Broken Lease


cdub69 wrote:

Me and my wife are getting a divorce in Texas.We had a home that we were leasing.We separated and my wife left the home before our lease was up.Now we both have a collection of $5000.00 on our credit reports.Since she has terrible credit she said would assume this debt.Is it possible to put that in our divorce decree and have this collection deleted from my report?


Yes ... and no.

 

While it certainly is feasible to have the divorce decree to find her liable for the debt, this canot bind the original creditor.  Unless the original creditor agrees to remove you from the account / debt, there is, unfortunately, not much you can do to get this off of your credit report.

IAALBNYL

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}