Divorce Related Credit Issues

Although the following story seems like a joke you would tell at a bar it’s actually something that we encounter all the time. We’re going to hide the identity of these people by calling them Bob and Mary.

Now Bob isn’t a very likeable character and eventually Mary decides to call it quits after five years of marriage. In the courthouse going through the divorce proceedings it almost seems to Bob like the judge has a crush on Mary because things just don’t seem to be going his way, after all, Mary was rewarded the kids, the car and the house and poor Bob seemed to be just left with the credit card debt.

Life moved on with old Bob though, and even though his was living at a Motel 6 and riding a skateboard to work he decided to not just to take it on the chin, but better his attitude and his way of life. He saved every penny, paid off the credit cards and put enough away for a deposit for a new home.

After seeking out his trusted mortgage broker John, Bob walks in to his office all ready to go. After licking his lips with the prospect of an assured loan John enthusiastically pulls Bob’s credit. Low and behold, to John’s disappointment, he sees a 550 credit score with countless auto and mortgage lates. Bob dismisses this issue with wave of his hand as he says “Don’t worry about those lates John, they don’t even belong to me, those are my ex-wife’s.” John explains that he can’t just ignore them as the credit report is what it is. Bob says “You don’t understand John I was there at the court house, my ex got everything, how could I be responsible for these loans still.”

No Bob, you don’t understand…

When it comes to divorce what a lot of people don’t comprehend, for obvious reasons, is that the divorce decree is pretty much worthless when it comes to debts. The creditors don’t care about it and the bureaus care even less. Why should they? They never agreed to the separation of debt, and they are much more likely to get their money if there are two people to go after instead of one. Sure, Bob could sue Mary for not holding up her end of the bargain, but suing someone who doesn’t have the money to pay their bills is relatively useless.

Don’t fret though, these issues just like many others are in our wheelhouse for our investigation and verification process. Whether you know someone who’s had rotten luck in a divorce or just rotten luck in life in general and who’s credit report and scores have paid the price get them on over to us at 1-866-595-6313 and don’t forget to pass along your referral source to for a $100 discount which is over 50% off our initial fees.