- Posts: 1
- Joined: Thu Oct 10, 2013 3:17 pm
- Location: AZ
Hello, looking for any tips and suggestions to help myself out.
Recently divorced, just finished dealing with the 3 credit bureau's to remove my ex spouses 2 credit cards from my reports (successfully, but won't update until next reporting cycle completes). 7k total limit between the 2 and about 6k of it used. Payment history was perfect. By removing these from my report, will that hurt or help me more?
I was thinking help, as I was thinking it lowers my over all debt, debt/income. I was only an authorized user, not joint account holder and was removed from the account by the primary holder just over a year ago, yet they still reported on my credit.
And second, a short sale of the family home should finish within the next month as well. This mortgage was the only negative on my credit. I would imagine wrapping this up should help. Divorce process took a year, no payments were made during this time either. Although with the collapse of the economy, the first lates began late 2009/early 2010. If the negative from the house falls off in 7 years, will that be based off the upcoming short sale, or the original late's (which potentially cuts the time from 7 years to 3.5)?
Thanks in advance for any feedback!