Credit Scores and Mortgage Payments after Divorce

How debts are divided in divorce may not affect your obligations on secured debt as this article from www.bankrate.com makes clear.

The lender wasn’t party to your divorce decree. Since your name remained on the note, you also remained responsible for the payment. Let’s face it, ex-husbands make mistakes. That’s what led many of them to be divorced in the first place. Not an excuse, just fact.

 

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