The Misconception Of Divorce Decree! Why Do You Want To Hand Out Hard Earned Money To Creditors...
In the book, “Bad Things Happen to Good People. YOUR CREDIT = YOUR LIFE, FIX IT NOW!” I dedicated a large chapter to issues relating to financial phase of relationships (Single, Married, Separated, Divorced). In that chapter, I discussed several issues relating to the impact of divorce. One of the issues was the fact- what a divorce decree mean to your financial life. No, I did not provide the meaning of the words “Divorce Decree;” because, everybody that has been in a relationship knows what these two words {together} mean. I discussed the fact that, just because a court ordered your spouse to be responsible for certain bills (bills created during the marriage), it doesn’t mean, your responsibilities are washed away. After the court order, there are still several issues that remain unresolved from the moment the Decree was entered. They are as follows:
1. Make certain that your payments (to include the creditors’ bill that the judge passed the responsibility to your spouse) are current-if you did not discuss it in the court you should have.
2. You must immediately contact the creditor whose name were listed on the judgment and let them know about the Decree. Some creditors will not accept the Decree. You just push the issue with them. If they still do not want to remove your name, then have your attorney (possibly your divorce attorney –who you already have paid to take care of your divorce affairs- contact the creditors). Please understand that the attorneys will promise you or state that they will call, but it may never materialize. Therefore, you must be persistent with the attorney and the creditors.
3. If a creditor refuses to remove your name, then place a statement on your credit file in regards to the Decree and your request for removal
4. Talk with your attorney (an attorney in your state-state the Decree was issued) and see if you have legal recourses against the creditor (forcing it to remove). However, make certain that you have a copy of the contact (between you and the creditor available). If you don’t have the agreement, then ask the creditor to mail you one. If you don’t receive it within 2 weeks, then send the creditor a certified letter- requesting return receipt, demanding that a copy of the agreement be sent to you at once. The bottom line is that you may be able to ask a court (possibly even the divorce Court) to force the creditor. Divorce courts doing so may be limited- to-none existence, but never hurts asking. The bottom line is that the attorney may be able to share options with you.
5. Doesn’t matter what you do, do NOT let the issue stay on the back burner, because “Your Credit IS Your Life” and if you don’t do something about it, it will create a serious negative impact on your credit file.
You must initiate the items above before your spouse stops making payment to the creditors that the Judge issued an order in your favor. Creditors are more favorable to listen to you or help when the account is being paid on time (regularly).
These issues and a lot more are discussed in detailed in my book “Bad Things Happen to Good People. Your Credit = Your Life, Fix It Now!” I can’t emphasis enough about the importance of your credit.
Consumers asked me, why should I buy your book when my credit is good?
Answer: This book does not just cover issues in how to fix your credit, but how to keep it good for a long time. It also provides information other than just fixing or maintaining credit. It provides information about how to avoid lawsuit, judgment, foreclosure, negotiate your interest rates and loan cost, increase credit limit and other issues relating to credit (such as debt management, understanding credit report, credit score, fraudulent and deceptive collection attempts and much more). The CD that accompanies the book has information about tax liability and tax-preparer fraud and deception, forms, demand letter writing techniques, credit card issues- interest rates and more.
Consumers braggingly also stated; “my score is 700 or 720, etc).
Answer: I consider score of 720 as a C+ on a grading scale. Score of 800 or above is considered A. 740/760 (depending on creditors) to 799 is considered B. Now, as your score gets lower, your interest rate and loan cost increases.
My question to you:
WHY do you want to hand out your hard earned money to the creditors on EXTRA loan cost and interest rate, when you can take care of your credit and keep the saving for yourself and family????
Best wishes for your success
Mike Samadi
Go to the website in Author's Bio for more information and/or ask questions post comments.
Mike Samadi is an author of several books and is widely known as a credit repair expert. Read Mike's book ("Bad Things happen to Good People. Your Credit = Your Life, Fix It Now!" or "Saving Your Money") to gain knowledge and experiences needed to overcome your problems. Please visit the website at www.MasterCreditRepair.net) to find out more and fix or maintain your credit, post questions and comments.
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