hqasimi asked:
Hi all, I took out a loan under my name on my property three years ago and my wife is only on the title. I stopped paying on both the main loan and the equity loan because my wife got laid off and soon after that, I got laid off as well. I used my 10yrs of savings to pay for the house and now that I am out of money, I stopped paying both. I took my wife’s name off the title. I just checked both me and my wifes credit and the late payments show on my credit but not on my wife’s. My question is, I know my credit is screwed, how will it affect my wifes credit? anyone know?
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Hi all, I took out a loan under my name on my property three years ago and my wife is only on the title. I stopped paying on both the main loan and the equity loan because my wife got laid off and soon after that, I got laid off as well. I used my 10yrs of savings to pay for the house and now that I am out of money, I stopped paying both. I took my wife’s name off the title. I just checked both me and my wifes credit and the late payments show on my credit but not on my wife’s. My question is, I know my credit is screwed, how will it affect my wifes credit? anyone know?
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