I recently went through a divorce and my divorce was final as of April 2009. I wasn't able to make the payments on my credit cards, because I barely can make it on my own. If credit cards get charged off can they still put a judment on you. If they do put a judgement on you can you lose everything you own or have a lein put on your home, even if my ex-spouse is keeping the home, and right now he can't get me off of the deed, because the home isn't worth enough to refinance it, so he can't get my name removed.
Ouch, that is some bad news, you summed it up correctly, if the credit cards hold a high balance it is possible for the creditor to sue, and if they know you have your name on a property, they may very well go for a lien against the property.
What that does is prevent your ex or you from selling that property until the judgment / lien is paid off. As long as he remains in the house with no intention of selling the property, he could go to his death bed never settling up on the lien.
It will stop applications for future credit, until the lien is paid.
I think there is something extra here about quick deeding the property to him, I am not sure how that works, but I think you should talk to a lawyer and ask them to explain your options. In some states you can get a one time free consult from a lawyer. _________________ Credit Cards Credit Reporting Information Credit Repair Info
Your personal details (name, email address and phone number) will be delivered to the company advertised on the Creditmagic after ve agreed to go for the counseling session by filling out the no-obligation form. However, it is your discretion to accept or reject their services.
Not all the creditors/debt collectors agree to trim down the outstanding balances, interests, and fees payable by the consumer.
Consumers working with the debt relief companies can still be sued by the creditors/collection agencies.
Debt relief services may have a diminishing effect on the creditworthiness of the consumer. The total outstanding balance may increase as the additional fees get accrued.
The overall amount saved by the consumer through the debt relief services is considered as taxable income by the IRS.