Over $600K student debt - Combined balance (with ex-hubby)

Discussion in 'General Distance Learning Discussions' started by AsianStew, May 7, 2023.

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  1. AsianStew

    AsianStew Moderator Staff Member

    Weird! I always thought the debt (even if combined), they would have a record of who owes what amount and who has to pay back whatever the amount is, plus interest. I find it strange that the combined balance would force one person into paying for the both of them, what does the ex-hubby pay? Nothing? It boggles the mind that they'll start looking at 'laws' to come into place in 2024 to address such issues... didn't they have these laws to begin with for student debt?! How can financial institutions do this, or make it better/more streamlined?!

    Link: Meet a mom with $610,000 in student debt who still can't separate her balance from her ex-husband's 8 years after their divorce: 'This one thing is still holding me stuck to him' (msn.com)
     
    AsianStew, May 7, 2023
    #1
  2. Johann

    Johann Well-Known Member

    The ex should pay his shot. My take: Find a lawyer - not that divorce lawyer who missed out on this - and litigate the SOB into the ground, till he doesn't have a pair of skivvies to stand up in. Poke him till he screams. Make him beg. Make him sign. Make him pay.

    I'd like to see the financial institutions do what's right and separate the debts in situations like these - but for making a financial concern - especially a large one - do what's right --- laws are the only way. As it is, regardless of the legitimacy of your cause, you KNOW who usually loses if you sue a big-money loan outfit.

    I'm not really sure if this can occur without remedy in Canada, or not. I'll have to look into it...
     
    Last edited: May 7, 2023
    Johann, May 7, 2023
    #2
  3. Vicki

    Vicki Well-Known Member

    It's crazy how hard it is to untangle after divorce- my mom divorced my step dad in 1996.
    He passed away a few years later. Maybe 1999. in 2006, I got married, moved to a new state and somehow I started setting credit card offers at my new house, addressed to him. My credit was never tangled up with him.
    I also got credit card statements to my house that belonged to my ex boyfriend from college. We broke up in 1998 or 99. He had me as an authorized user. Crazy stuff.
     
    Vicki, May 8, 2023
    #3
  4. Johann

    Johann Well-Known Member

    That's because they're stupid - the credit people. I worked in the Credit Card Jungle for over 20 years. I know how it works. If your credit was never tangled up with him - dumb people will try to tangle it up FOR you. Set 'em straight. VERY firmly. They need that.
     
    Johann, May 8, 2023
    #4

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