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Divorce

Can You Force Your Ex To Pay A Loan You Co-Signed?

When you're going through a divorce, protecting your credit is probably one of the last things on your mind. However, as the following question from one of our readers illustrates, it's definitely something that couples should consider during divorce negotiations:

I am a co-signer whose borrower (ex-wife) has left a $17,000 loan on me and has totally ignored even giving them her address. It is a private loan through Chase and the interest rate is 9 percent or more. I have been paying. The IRS will not let me deduct the amount I pay. Is there anything I can do? How do I make the borrower accountable?

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