Re: Credit repair after divorce.
11-03-2009 05:50 PM
As a cosigner on the loan, if she defaults, you are still liable in the eyes of the lendor for the default itself until such time as you raise a legal defense based on terms of your divorce decree. If they bring legal action and name you as a defendant, the specific terms of your divorce decree will be used to determine your liability. I would get a lawyer ASAP.