ex won't pay bill

Q: A woman recently reached out to me, explaining that she was in the middle of a divorce, and that her spouse wasn’t paying a debt he agreed to pay – namely, the couple’s timeshare bill.


She was making all of her required payments, but the husband wasn’t, and now the timeshare payment was delinquent and about to go into collections.


So she wanted to know whether she should add a consumer statement to her credit report explaining the situation to creditors and others who might see her credit files.


Here’s my answer to her – which is advice that can help anyone who is thinking about adding a consumer statement to a credit report. [continue reading…]