letter to write after settlement agreement one spo

letter to write after settlement agreement one spouse takes over the debt and the other spouse need to report it to the credit agencies.

1 Answers

Debts cannot be "taken over".   A creditor will not change names on an account. 

Even if a debt is included in a divorce, the credit reporting does not change.

How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com/statute-of-limitation.html

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