Ex-Wifes bankrupcy

thornski78

Me & my ex-wife separated in 2002, after which she accumulated a large level of debt (in her name only). We had a joint mortgage which I continued to pay while she left the marrital home.
In 2004 she came back for my help. I helped her sort out her finances, we sold our house, and as she wasn't working at the time the CAB recommended she declare herself bankrupt. She gave them her share of the equity from our house, and her bankrupcy came through in mid-2004. We tried to fix our relationship but this failed so we finally separated in early 2005. After waiting the 2 years our divorce came through in 2006.

I am now looking to buy a house with my new partner and want to know whether my ex-wife's credit history will affect me. All of her debt was in her name only and we were separated at the time.
Can you help?

tigerfeet2006

No it shouldn't affect you at all if it was all in her name. Though the house was joint names so that might be a hic-up. If I were you I would check the 3 credit refrence agencies and see if the are any problems.

Richard_S

Hi thornski,

Tigerfeet is correct in that the CRA's may still be showing you as having been "associated" and this could cause a problem. If you apply for your CRF's this will be conclusive, and if you are still associated then you'll need to contact them.

They're quite reasonable to deal with, and shouldn't need anything more than confirmation that the house was sold and possibly a copy of your divorce papers.

Richard

tigerfeet2006

Here's Martins article on CRA's

http://www.moneysavingexpert.com/banking/credit-rating-credit-score#free

thornski78

Thanks for your help!
I checked with Experian approx 2 months ago & there was nothing showing with them. But also no mention of an 'association'.
Will get in touch with otehr CRA's to double-check.

When you say I should contact them, do you mean to remove the 'association'?

Richard_S

thornski78 wrote: »

Thanks for your help!
I checked with Experian approx 2 months ago & there was nothing showing with them. But also no mention of an 'association'.
Will get in touch with otehr CRA's to double-check.

When you say I should contact them, do you mean to remove the 'association'?

Hi thornski,

Yes, but only if one of them is still showing an association. You have to apply for your CRA's because I'm fairly certain they won't discuss anything over the phone until you can give them a reference number on the report; it's the data protection cop-out.

If it doesn't show an association then there isn't one. Experian and Equifax show any associations at the beginning of the report.

Richard

tigerfeet2006

Yep! just a letter (sent recorded delivery) with details of your divorce with possibly copies of details of your divorce and house sale and ask them to remove any details of association if there is any.

thornski78

Great, I'll get straight onto them!
Thanks a lot

squirrel_pigeon

tigerfeet2006 wrote: »

Yep! just a letter (sent recorded delivery) with details of your divorce with possibly copies of details of your divorce and house sale and ask them to remove any details of association if there is any.

I don't think you even have to provide that much information. My Mum wrote to them to tell them that she had divorced my Dad and giving the court details and they removed the association based on that info alone.

tigerfeet2006

:j Don't you just love this place? There is always someone around who has had experiance of it or knows someone. Cheers SP.

squirrel_pigeon

It's great, isn't it?