Give Me Credit Episode 34 - Summer Encore

Divorce does not erase your name from a loan.That is the hard truth attorney David Cox breaks down in this Summer Encore episode of GMC #34.Even if a divorce decree assigns a debt to your ex, lenders are not part of that agreement. If your name is on the account, you are still responsible. And if payments are missed, your credit takes the hit anyway.We talk through what actually happens with joint debt after divorce and how people can protect themselves before signing settlement agreements.This is one of those episodes that can save someone years of credit damage.Listen now. Season 2 returns September 8, 2026.Give Me Credit Podcast is available on Substack, Apple Podcasts, and Spotify.Give Me Credit - Apple PodcastsGive Me Credit - SpotifyIn this episode, we sit down with divorce attorney David Cox to unpack one of the most misunderstood financial traps in divorce.Here is the hard truth. A divorce decree may assign a debt to one spouse, but it does not rewrite the original contract with the creditor. If your name is on that loan, you are still on the hook. Period.We walk through what really happens when an ex-spouse misses payments on a joint account, a credit card, or even a mortgage. Late payments still hit your credit. Collections can still come after you. Your credit score can take the fall for someone else’s mistake.Why? Because lenders are not part of your divorce. They never agreed to let you off the hook.This conversation breaks down the gap between what the family court orders and how the credit and lending system actually works. It also highlights practical ways to protect yourself during settlement, including forced asset sales, refinancing requirements, and clear exit strategies from joint debt.If you think divorce automatically separates your finances, this episode will change your mind fast.GUEST:David M. Cox, Attorney at LawTwo Rivers Law P.A.763-575-7911David@TwoRiversLawOffice.comwww.TwoRiversLawOffice.com9040 Quaday Ave., NE Suite 200, Otsego, MN 55330 Get full access to Mortgage Lending Explained at jswhaldo.substack.com/subscribe