My ex-wife signed my name on a loan documemt as a co-signer in 1998. We were not married at the time, but BB&T still gave her the loan without even seeing me. Of course, she did not pay it back, so now I have the judgement on my credit. I did not even know about the court proceedings until after the fact because they sent a certified letter to my parents house (THEY LIVE 3 HOURS AWAY FROM HERE). I also can not sue her or charge her because she died last year.
2006-10-15 04:33:42 · 6 answers · asked by credit help please 1 in Politics & Government ➔ Law & Ethics
It's important that you get this cleared up because the lender will probably report this 'bad debt' to the IRS as income (money loaned, not repaid = income), and the IRS will expect to see that amount on your tax return as income.
If your name was forged, you are not liable for the debt... but you'll have to prove the forgery and probably pay to have an attorney to do that.
If your ex-wife had an estate when she died, you might be able to file a claim on her estate. The original lender should have been made aware of her death, and may be able to provide you with information. Call them right away, explain the facts and see what they recommend.
A judgment on your credit report will prevent you from getting any loan using real estate as collateral until that judgment is 'satisfied' (paid) debt is paid. Start work on this right away... it will probably take a while.
2006-10-15 04:50:08 · answer #1 · answered by paleblueshoe 4 · 0⤊ 0⤋
The worst sin of all would be "I shall not kill" passing judgement is still a sin but it's something that we can't help but do. When you can honestly find that iner peace and not judge anyone I think your thought of passing judgement as being a worst sin will change. God bless
2016-05-22 04:00:57 · answer #2 · answered by Anonymous · 0⤊ 0⤋
you are asking this 6 years since the initial offense and 1 year after her death
what took you so long to decide to fix this problem
2006-10-15 04:41:54 · answer #3 · answered by Mopar Muscle Gal 7 · 0⤊ 0⤋
1st- contact the creditor- they are the ones liable
2nd file charges against them with the prosecutor and civilly too!
3rd write a one page statement to be attached to your credit file detailing why it is wrong!
2006-10-15 04:40:19 · answer #4 · answered by Anarchy99 7 · 0⤊ 0⤋
Take any papers to the reporting agency...threaten to sue them and that should resolve it satisfactorily...then turn around and sue the lender.
2006-10-15 04:42:31 · answer #5 · answered by Anonymous · 0⤊ 1⤋
Have your lawyer prove that your signature is a fraud
2006-10-15 04:37:53 · answer #6 · answered by devora k 7 · 0⤊ 0⤋