Thread: How does divorce affect FICO

My Dec. 1995 divorce appears in the public records section of my equifax report. Does anyone else have a divorce reporting? How does this affect my scores???

http://www.myfico.com/myfico/FAQ.asp#Q28

-Peace, Dave

Thanks Nave. FICO's site sys that the model doesn't consider marital status, but it also says that public records are in the model. Are divorces typically reported in the public records section? Are they coded as divorces? I haven't seen any mention of it before on this board.

I'm divorced in Texas, and it's not on any reports. Charlie

Originally posted by cannoda
My Dec. 1995 divorce appears in the public records section of my equifax report. Does anyone else have a divorce reporting? How does this affect my scores???

Hey,

I am so glad I saw your post.

When my sister and her husband divorced, the judge split the bills.

She didn't pay her half, and it affected his credit, so he sued her and got a judgment against her.

On her Transunion report it states on the top :

Divorce listing on record.
Debtor owed: xxxx xxxxxx (name of husband).
Amount owed xxxxxx.xx

Each account he sued her for is also individually listed on her report.

As far as her score goes, her credit is like a train wreck right now, so I don't know if the divorce listing itself hurts or not, but the judgment definitely does.

You can't just have a judge split the bills and think that that is the end of it. If a married couple has joint accounts they are both liable for the joint accounts.

Ideally all joint debts should be paid and all joint assets should be sold before a couple goes to divorce court.

Since it's not a BK, it should go away this year anyway, since it is seven years old, shouldn't it?

Originally posted by erik776
You can't just have a judge split the bills and think that that is the end of it. If a married couple has joint accounts they are both liable for the joint accounts.

Ideally all joint debts should be paid and all joint assets should be sold before a couple goes to divorce court.

Oh, o.k. I didn't know that.

I wasn't there, so I had to go with what she told me ;-)

To this day, I don't understand what happened.

But I do know, he did sue her. I was there for that.

Thats why he sued her.

According to the contracts signed with the CC companies, even if a judge orders the payment of the bills to be split, technically, until it is paid, both parties are still liable.

My ex-husband isn't paying his part of the bills but I'm paying because I can't afford to have this affect my credit.

I'll be going to court soon to get a judgement against him...breach of contract.

Go get 'em Sweet ...

mj