Hi All,
My 341 meeting is Tuesday, and I should be D/C within 2 months after. I have a positive mortgage tradeline reporting each month for my ex-wife, whom I lost my house to in a divorce proceeding. That was 6 months ago, and my credit reports are still showing the mortgage as active and current. I quit claim the home to her and also had the bank modify the mortgage to remove my name. Post BK, is this a good thing? If I ask them to remove the mortgage tradeline, will my score tank? My score is ~ 570 now so not sure how much fruther it can drop lol
I really don't want $130k worth of debt on my report, but if the mortgage is propping up my score, should I keep it? I can have it removed by sending the mortgage modification docs to the credit bureaus.
My 341 meeting is Tuesday, and I should be D/C within 2 months after. I have a positive mortgage tradeline reporting each month for my ex-wife, whom I lost my house to in a divorce proceeding. That was 6 months ago, and my credit reports are still showing the mortgage as active and current. I quit claim the home to her and also had the bank modify the mortgage to remove my name. Post BK, is this a good thing? If I ask them to remove the mortgage tradeline, will my score tank? My score is ~ 570 now so not sure how much fruther it can drop lol
I really don't want $130k worth of debt on my report, but if the mortgage is propping up my score, should I keep it? I can have it removed by sending the mortgage modification docs to the credit bureaus.
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