I was divorced in 2007. My husband kept the mortgage and stayed in the home. I was removed from the title and responsibility of that loan in 2007. My x-husband says it was taken care of, but I just was told by a credit card company that the account is still on my report. Please remove this from my credit report as it is affecting my ability to manage my own credit.
You must work with your lender to possibly refinance the loan in order to have a mortgage removed from your credit report after divorce. Credit bureaus cannot remove an account that is accurately reported to them by your lender.
A divorce decree does not alter the contract with your lender or change the entry on your credit report. Although the judge may have ruled that your ex-spouse would be responsible for making payments on the mortgage, if you didn’t contact the lender and have them remove you from the contract, you are likely still responsible for the debt.
In most cases, removing your name from the loan is only possible if your ex-spouse is able to qualify to refinance the loan in his name only. In some cases an assumption of the loan may be possible, but he likely would still need to prove that he is able to repay the debt on his own.
If he is unable to qualify, the lender does not have to release you from the joint contract, and the mortgage account will remain on your credit report.
If you haven’t already, contact your mortgage lender to let them know of the divorce decree and to discuss your options.
Thanks for asking.
The “Ask Experian” team