Very nervous about my credit.....

Anonymous · ‎03-12-2014

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.

Anonymous · ‎03-12-2014

@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 · ‎03-12-2014

@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.

Anonymous · ‎03-12-2014

@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?

Anonymous · ‎03-12-2014

@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

SunriseEarth · ‎03-12-2014

@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.

Creditaddict · ‎03-12-2014

What is the balance on the 2 joint cards?

Anonymous · ‎03-12-2014

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

proably together like 40k

Creditaddict · ‎03-12-2014

@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.

Boragard · ‎03-12-2014

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.