topic Re: Very nervous about my credit..... in General Credit Topics

Very nervous about my credit.....

Anonymous — Wed, 12 Mar 2014 18:41:04 GMT

My ex husband plans of fliing bankruptcy to reaffirm the debt and also workout a plan on our mortgage, My credit is outstanding, all negatives are removed... He is authorized on many of my accounts; what will happen? We are in the process of divorce, I am also joint on two of his cards, amex and chase.. im very nervous now that i will be affected.

Re: Very nervous about my credit.....

Anonymous — Wed, 12 Mar 2014 18:43:09 GMT

@Anonymous wrote:
My ex husband plans of fliing bankruptcy to reaffirm the debt and also workout a plan on our mortgage, My credit is outstanding, all negatives are removed... He is authorized on many of my accounts; what will happen? We are in the process of divorce, I am also joint on two of his cards, amex and chase.. im very nervous now that i will be affected.

Remove yourself as an AU on all of his accounts and remove him if he is an AU on any of your accounts. Can you pay off the accounts you're a joint applicant on and close them? Is your name on the mortgage? I hope it isn't.

Re: Very nervous about my credit.....

Anonymous — Wed, 12 Mar 2014 18:46:27 GMT

@Anonymous wrote:
@Anonymous wrote:
My ex husband plans of fliing bankruptcy to reaffirm the debt and also workout a plan on our mortgage, My credit is outstanding, all negatives are removed... He is authorized on many of my accounts; what will happen? We are in the process of divorce, I am also joint on two of his cards, amex and chase.. im very nervous now that i will be affected.
Remove yourself as an AU on all of his accounts and remove him if he is an AU on any of your accounts. Can you pay off the accounts you're a joint applicant on and close them? Is your name on the mortgage? I hope it isn't.

In 2008 when he filed for bk.. I made sure I was removed of the mortgage loan.. I would be screwed because its in foreclosure and about almost 300k behind in payments, the attorney advised us that file bankrupcty in his name and they will workout a mod with the lender. I will defitnely call the cards.. I have used the cards im au on because i dont want to be involved with that. So the balance is whatever he owes.

Re: Very nervous about my credit.....

Anonymous — Wed, 12 Mar 2014 18:54:10 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
My ex husband plans of fliing bankruptcy to reaffirm the debt and also workout a plan on our mortgage, My credit is outstanding, all negatives are removed... He is authorized on many of my accounts; what will happen? We are in the process of divorce, I am also joint on two of his cards, amex and chase.. im very nervous now that i will be affected.
Remove yourself as an AU on all of his accounts and remove him if he is an AU on any of your accounts. Can you pay off the accounts you're a joint applicant on and close them? Is your name on the mortgage? I hope it isn't.
@Anonymous wrote:
@Anonymous wrote:
My ex husband plans of fliing bankruptcy to reaffirm the debt and also workout a plan on our mortgage, My credit is outstanding, all negatives are removed... He is authorized on many of my accounts; what will happen? We are in the process of divorce, I am also joint on two of his cards, amex and chase.. im very nervous now that i will be affected.
Remove yourself as an AU on all of his accounts and remove him if he is an AU on any of your accounts. Can you pay off the accounts you're a joint applicant on and close them? Is your name on the mortgage? I hope it isn't.
In 2008 when he filed for bk.. I made sure I was removed of the mortgage loan.. I would be screwed because its in foreclosure and about almost 300k behind in payments, the attorney advised us that file bankrupcty in his name and they will workout a mod with the lender. I will defitnely call the cards.. I have used the cards im au on because i dont want to be involved with that. So the balance is whatever he owes.

I'm glad you're not on the mortgage, but still get yourself off all of the accounts that you can. If you're a joint applicant on a card, even if you have not used it, you're still as reposponsible as he is. That goes for any debts that you have jointly. They don't care about divorce decrees or any of that, and consider it a civil matter. I think it would be a good idea to set yourself with a financial advisor just in case also.

How is he able to file for BK twice in 6 years?

Re: Very nervous about my credit.....

Anonymous — Wed, 12 Mar 2014 18:55:51 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
My ex husband plans of fliing bankruptcy to reaffirm the debt and also workout a plan on our mortgage, My credit is outstanding, all negatives are removed... He is authorized on many of my accounts; what will happen? We are in the process of divorce, I am also joint on two of his cards, amex and chase.. im very nervous now that i will be affected.
Remove yourself as an AU on all of his accounts and remove him if he is an AU on any of your accounts. Can you pay off the accounts you're a joint applicant on and close them? Is your name on the mortgage? I hope it isn't.
@Anonymous wrote:
@Anonymous wrote:
My ex husband plans of fliing bankruptcy to reaffirm the debt and also workout a plan on our mortgage, My credit is outstanding, all negatives are removed... He is authorized on many of my accounts; what will happen? We are in the process of divorce, I am also joint on two of his cards, amex and chase.. im very nervous now that i will be affected.
Remove yourself as an AU on all of his accounts and remove him if he is an AU on any of your accounts. Can you pay off the accounts you're a joint applicant on and close them? Is your name on the mortgage? I hope it isn't.
In 2008 when he filed for bk.. I made sure I was removed of the mortgage loan.. I would be screwed because its in foreclosure and about almost 300k behind in payments, the attorney advised us that file bankrupcty in his name and they will workout a mod with the lender. I will defitnely call the cards.. I have used the cards im au on because i dont want to be involved with that. So the balance is whatever he owes.

I'm glad you're not on the mortgage, but still get yourself off all of the accounts that you can. If you're a joint applicant on a card, even if you have not used it, you're still as reposponsible as he is. That goes for any debts that you have jointly. They don't care about divorce decrees or any of that, and consider it a civil matter. I think it would be a good idea to set yourself with a financial advisor just in case also.

How is he able to file for BK twice in 6 years?

The first bk never discharged

Re: Very nervous about my credit.....

SunriseEarth — Wed, 12 Mar 2014 19:13:05 GMT

@Anonymous wrote:
@Anonymous wrote:
My ex husband plans of fliing bankruptcy to reaffirm the debt and also workout a plan on our mortgage, My credit is outstanding, all negatives are removed... He is authorized on many of my accounts; what will happen? We are in the process of divorce, I am also joint on two of his cards, amex and chase.. im very nervous now that i will be affected.
Remove yourself as an AU on all of his accounts and remove him if he is an AU on any of your accounts. Can you pay off the accounts you're a joint applicant on and close them? Is your name on the mortgage? I hope it isn't.

+1.

Re: Very nervous about my credit.....

Creditaddict — Wed, 12 Mar 2014 21:05:19 GMT

What is the balance on the 2 joint cards?

Re: Very nervous about my credit.....

Anonymous — Wed, 12 Mar 2014 22:41:51 GMT

@Creditaddict wrote:
What is the balance on the 2 joint cards?

proably together like 40k

Re: Very nervous about my credit.....

Creditaddict — Wed, 12 Mar 2014 23:17:54 GMT

@Anonymous wrote:
@Creditaddict wrote:
What is the balance on the 2 joint cards?
proably together like 40k

WOW, that's a big number to eat but you really need to BT that to one of your cards and close those joint accounts BEFORE he misses payments, talks to a lawyer, or files for bk. they will destroy your credit if they go into the bk or go late.

Re: Very nervous about my credit.....

Boragard — Thu, 13 Mar 2014 01:54:20 GMT

This is a little off topic but...how did you get that outstanding deal with your Mercedes Benz auto loan? What is your credit score, if you don't mind me asking. Also did you put any money down? I have been thinking of a Mercedes lately and your payment is lower than what I pay on my 2008 Ford.

Re: Very nervous about my credit.....

H4LO — Thu, 13 Mar 2014 02:42:03 GMT

@Boragard wrote:
This is a little off topic but...how did you get that outstanding deal with your Mercedes Benz auto loan? What is your credit score, if you don't mind me asking. Also did you put any money down? I have been thinking of a Mercedes lately and your payment is lower than what I pay on my 2008 Ford.

I was thinking the same thing....

She must have put down a pretty penny to get a payment that low.

Re: Very nervous about my credit.....

takeshi74 — Thu, 13 Mar 2014 12:14:41 GMT

@Boragard wrote:
I have been thinking of a Mercedes lately and your payment is lower than what I pay on my 2008 Ford.

There are auto loan calculators out there that you can use as a reference.

Re: Very nervous about my credit.....

Anonymous — Thu, 13 Mar 2014 18:23:04 GMT

Hello everyone. I put 15k down on the loan