Not responsible for ex's College debt?

[brooksh1965]

What is the name of your state? Currently Maine

I was divorced several years ago, and the divorce decree states that my ex wife is responsible for college debts. some of the the college loans I co-signed years prior. How do I get out from underneath this debt? She is currently 60 days past due on her payments and I am concerned about MY credit.


Thanks for a response!!

 

[VG1013]

What is the name of your state? Currently Maine

I was divorced several years ago, and the divorce decree states that my ex wife is responsible for college debts. some of the the college loans I co-signed years prior. How do I get out from underneath this debt? She is currently 60 days past due on her payments and I am concerned about MY credit.


Thanks for a response!!

If you co-signed for any college loans, and she doesn't make her payments...you are responsible for those debts. The creditor's do not care what is written on a decree, they just want their money. I don't think there is a way for you to get out of this...why not speak to a lawyer and see if he/she can help? I'm sorry

 

[JETX]

"the divorce decree states that my ex wife is responsible for college debts."
*** The divorce order does not alter any committments that you signed with a lender.

"some of the the college loans I co-signed years prior."
*** Ooops. There is one of them. If you co-signed on a note (student loan or not), your divorce order does not relieve your obligation to the lender.

"How do I get out from underneath this debt?"
*** The only way to do it is to make sure that she is paying and if she isn't, then you have to pay. The only other alternative would be to file bankruptcy and if accepted, have the debts discharged.

"She is currently 60 days past due on her payments and I am concerned about MY credit."
*** And rightfully so. The creditors will start 'circling' you looking for the payments that you guaranteed by co-signing.

 

[brooksh1965]

Thanks to everyone for the replies!!!