Am I Responsible For My Spouses Debt If I Get Divorced?

If your name is on a loan as a borrower or co-signer you’re responsible for the debt. Even if you’ve divorced and your former spouse agreed to handle the debt, your credit is on the line. This also is true even if the debt is supposed to be your spouses responsibility under the divorce decree.

Lenders made an agreement with both of you jointly, and unfortunately that agreement is not affected by anything in your divorce agreement.

The best way to manage debt in divorce is to get rid of any joint loans. Put debt in the name of the person responsible for paying it. If your former spouse is supposed to pay the auto loans, those loans should be in that person’s name only.


Want more information….here is a good website that can help.  And of course, always check with your legal counsel for detailed information about your situation.


Get educated and be sure to make informed decisions.


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