Divorce Judgement

Here's the problem, because your name is tied to it still, you are repsonsible for it in the Lender's eyes.??
Was this a HELOC?
What will probably happen is you will have to pay it and then sue your wife to get the money back.
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Have you gotten any letters from the collection agency trying to collect? If you did, did you send any debt validation?
From my understanding in divorce orders that once it's ordered that your ex wife pay for the debt, I don't think your responsible. (someone correct me if i'm wrong)

Your responsible if your name is still on the account.?? If the ex defaults, they come after you for the money because your name is still on the account.?? It is up to you to then sue your ex to get the money back.?? The only way your nor responsible is if your name is removed from the account.
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Thanks Sassy-What does HELOC stand for?
Thanks beli2005-I have yet to receive any letters from the credit agencies.
At present I have a lawyer looking into this and he has told me that if they cannot produce my original signature form 1993 on the actual loan I do not owe any money. Opinions on that comment.
Thanks again for the responses.

HELOC Stands for Home Equity Line of Credit.?? Is this line of credit a lien on a home?
Yes, it will definately help your case.
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It was not a home equity loan and the home was sold years ago.

Ok.?? I hate to say this but there really isn't much you can do.?? Since your name is still on the account you are still liable.?? If you do have to pay the debt you can sue your ex.?? The other thing is she could be held in contempt of court.
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Have you contacted you ex regarding all of this?
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dlb, letters wouldn't come from the credit agencies, it would come from the collection agency if it was sent to collections.

Yes I have spoken to my ex and her answer was "I don't have the money."
Am I liable for the whole balanced owed or can that be negotiated?
It is my understanding that these defaulted loans are bought for pennies on the dollar and the collection agencies try and get the full amount.
Can the collection agency sue me for the whole amount and/or can they sue her also? What if I say I can't afford it?

If both names are on the loan the will sue both.?? First of all, lets go back to all the basics of dealing with collection agencies.
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Has this account been turned over to a collection agency or is it still with the original creditor?
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Sorry for not clarifying your question in the beginning. At present it's with Creditors Financial Group out of Colorado.
To answer your question it's with a collection agency.

Since it's with a collection agency you would need to send them a debt validation letter.?? However, since you have an attorney helping you, I would ask the attorney if you can have all their calls and correspondence forwarded to him.
Since it's with a collection agency, it could be pretty easy to get you out of this.
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Can you expalin a debt validation letter to me and how would it be easy to clear myself of this loan?
By the way thanks for your responses to my questions!

Sure.?? A debt validation letter is a letter you send them asking them to validate the debt.?? Meaning, they have to produce proof that this debt is yours.?? They have 30 days to do this.?? During the 30 days, all attempts to collect the debt must stop.?? There is a form letter on this site that you can use.
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Most of us on here have cleared this stuff up on our own.?? Many folks on hear have a world of knowledge to help you with this.
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I would start with the debt validation letter.?? Sometimes they will just send a recent statement.?? You will then need to request something showing you actually signed for the letter.
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I found this info from creditinfocenter.com and wanted you to see this-
Exemption for out of state collectors-Out of state collectors are exempt if (1) Collecting by interstate means: and (2) have no clients in the state of Michigan.
Not all states require licensing, however. Here's a little cheat sheet
(Word Doc) to see what the collection licensing laws in your state are.
It's got other handy dandy state law information as well.
If you believe that they are not licensed, and licensing is required in
your state, write them another letter and tell them they are in
violation of your state's collection laws and are subject to
prosecution and fines. Cite your state's fines and procedures in the
letter. This is a last ditch effort, but has worked in some cases.
I have a meeting with my lawyer on the 7th of April and will find out more from him if he still wants to help me out. Where on the site is the validation letter?
Thank you again-you have been very helpful.

Thanks for the info.
Follow the link below.
http://www.debtconsolidationcare.com/collection-agencies/better-structure.html
Do not sign the letter.??

bld, I fond an error in your .doc WI collection agencies DO have to be licensed to collect in WI. Whether a physical address or another type of license . They *DO* need to be licensed.
I know. I live in WI. :)

Hello Sassy,
??I found the validation letter which was at the top of this page under "do it yourself" so no need to be my brain at this point in time. If you have any other suggestions please feel free to pass them along.
Thanks!

Hello Sassy,
??I found the validation letter which was at the top of this page under "do it yourself" so no need to be my brain at this point in time. If you have any other suggestions please feel free to pass them along.
Thanks!

Glad I can help.?? Good luck.