Does a divorce decree stop the responsibility’s of having to pay a debt from a ex-spouse?
Myths About Divorce Decrees Divorce lawyers may tell you that your creditors will accept the divorce decree and relieve you of your ex’s debt. Don’t believe them. When two people jointly apply for credit, they sign a legal…
Is paying off a collection going to remove it from my credit report?
Unfortunately, the answer is no. If you are unable to negotiate the way the account will appear on your credit report, what will happen is that the debt will appear on your credit report as “Paid”, or “Paid Collection”. This will help your credit score only marginally, but having…