If I am still on a credit card that my ex is obligated to pay as instructed

By Divorce Magazine
January 10, 2014
GA FAQs/Debt, Credit, Bankruptcy

"Georgia Mortgage and Divorce FAQs"

"If I am still on a credit card that my ex is obligated to pay as instructed in the divorce decree, is this debt still counted against me when qualifying for a mortgage?"

As long as the other party is obligated by court order via divorce decree or separation agreement the obligation is not counted against your Debt to Income Ratio (DTI) in qualifying for a mortgage. It is important to keep track of your credit to make sure no payments are missed as this will negatively affect your credit. It's best to consult an expert to formulate a plan on how to be removed or close joint accounts once this is an option.

Scott Evans, CCIM, CRMS, founder of The Family Mortgage Team, which offers tools needed to easily understand and compare home financing and refinancing options. Visit his website for more information.

Back To Top

By Divorce Magazine| January 10, 2014
Categories:  FAQs

Add A Comment


Allowed HTML: <b>, <i>, <u>, <a>



Divorce Lawyers

Certified Divorce Financial Analyst

Find all CDFAs

Divorce Mediators

Find Divorce Mediators

Business Valuators / CPAs

Find Business Valuators / CPAs

Collaborative Practice

Find Collaborative Practitioners

Reason for your Divorce

Why did your relationship end? If there's more than one reason, choose the strongest factor.

Money Problems/Arguments
Physical/Emotional Infidelity
Physical/Mental Illness
Physical/Emotional Abuse
Alcoholism/Addiction Issues
Basic Incompatibility

Copyright © 2017 Divorce Magazine, Divorce Marketing Group & Segue Esprit Inc. All rights reserved. Reproduction in whole or in part without prior written permission is prohibited.