What to do if my ex led me to believe a line of credit loan that had both our names on it was closed but it was not?

I left over 4 1/2 years ago and the credit line was used 3 months later. I can prove I was a 1,000 miles away when it was used. Do I have the right to sue him for defaulting on the loan? I’m on disability and can’t pay for the loan; I don’t even know where the money went.

Asked on November 28, 2012 under Bankruptcy Law, Missouri

Answers:

FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney

Answered 8 years ago | Contributor

I suggest that you consult with your "ex" about the line of credit used by him or her and the need for it to be closed/shut down and the amount taken out of it needing to be paid off sooner rather than letter.

Likewise, you should call the entity that placed the line of credit on the home and have it shut down immediately. The other option is to consult with a consumer law attorney about the matter as well to see what your options are.


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