Credit Report Inacuracies

Hi mellkay

Divorce and credit are two big issues and there are many confusions surrounding them. Many believe that the divorce decree can clear the whole mess. But sadly, for he creditors or the credit bureaus the divorce decree means nothing. Even if your decree says that its your husband's responsibility to pay off all the outstanding balances on the joint accounts, your creditors will bother both of you.And the worst part is if your husband stops paying the bills then irrespective of what your decree says the missed payment will reflect on your report too. Any joint account you have with your spouse is both of yours responsibility. So, it is advisable to close all the joint accounts before filing for a divorce. Have you closed all the accounts held jointly by both of you ? If yes, then go ahead and dispute it with the bureaus.

Keep us posted
Take care
Nelly

Thats good advice nelly but they need to dispute it anyway and get it taken off their bureaus. This can be done by the individual or better yet by a professional. Its money well spent.

Yeah Glynis, they need to dispute it asap!

Take care
Nelly

I think that if you pay one of these credit-repair organizations to fix your credit -- it's money foolishly spent! If it's a legitmate account being reported, there's no guarantee it will come off your credit report; and those places are doing nothing that you can't do yourself.

I really appreciate all comments form everyone. But if you dont know who or what you are talking about it might be a plus if you looked into what your advising before you advise it. Yes you can do it yourself and I always preach that. But it is a long drawn out process because you have to learn as you go. Now for the foolishly spent part. A professional with a reputable company can get results in a very short time. I know I am one of those. You can get your credit back on track and cleaned up in 30-90 days in most cases some take longer. Now for the no guarantee that it will be deleted. I can assure you that if you try and do it yourself that will be the most likely outcome. If a professional with credit law attorneys does it that wont necessarily be the case. It has nothing to do with being legitimate. It has to do with the right of the bureau to report it. The credit bureaus arent all knowing. They are in this to make money. If they cant document it after its challenged it has to come off. I know. My company sued the credit bureaus 336 times in 2006 and over 400 times in 2007 on behalf of our clients. The fact that you may owe the debt has nothing to do with removing it off your credit report what so ever. If they cant document it they dont have the right to report it. Period! Its the law.

Yes I will agree; if they can't document it then it has to come off. Still, when a person retains a professional, you don't know whether the companies can or cannot document their tradelines. If every company they want to dispute can show that the account is accurate, then it won't come off; that's why I say no guarantee. The fact that you have attorneys on your staff doesn't guarantee anything, so long as the data furnishers/bureaus are following the law.

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