What is the name of your state (only U.S. law)?
California
When my ex and I divorced we had a line of credit in both our names. When going through a divorce we explained we wanted new accounts, and that I (the ex wife) would take the balance of our joint line of credit to my new account which also was a line of credit. We thought this happened correctly for years. 6 years later I ran into financial hardship and used a debt settlement program. After a missed payment on my line of credit, it showed up on my ex husbands credit report. All these years, he was not on my statements, not shown as a cosigner on my credit report nor his. This does not seem legal. And now this has caused a hardship for my ex and bad blood between us. The bank told us that they transferred the balance to my account but kept him on as a cosigner. When I asked for a copy of the promissory note, it has our joint account number, not my account number. This seems very shady to me and illegal. Any advice would be appreciated. Thanks.
California
When my ex and I divorced we had a line of credit in both our names. When going through a divorce we explained we wanted new accounts, and that I (the ex wife) would take the balance of our joint line of credit to my new account which also was a line of credit. We thought this happened correctly for years. 6 years later I ran into financial hardship and used a debt settlement program. After a missed payment on my line of credit, it showed up on my ex husbands credit report. All these years, he was not on my statements, not shown as a cosigner on my credit report nor his. This does not seem legal. And now this has caused a hardship for my ex and bad blood between us. The bank told us that they transferred the balance to my account but kept him on as a cosigner. When I asked for a copy of the promissory note, it has our joint account number, not my account number. This seems very shady to me and illegal. Any advice would be appreciated. Thanks.