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Divorce and Car Loans


In every divorce situation, the time comes to decide who gets what debt. Car loans are very common instance of joint-debt when dealing with a divorce. Divorce agreements may state who is responsible for the car loan or a portion of it. However, that is an agreement about who is supposed to pay exclusive to the creditor. In reality, whoever is supposed to pay as per the divorce agreement must actually do so to avoid credit complications for both parties involved. [continue reading…]