Forbearance agreement. What will it show on credit report?
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My husband's ex wife has made a forbearance agreement with her mortgage company. My husbands name is still on the loan because she cannot refinance. Right now his credit report shows that she is 2,800 behind. How long will it take to show current on his credit report. We are trying to get a loan to buy a house and the bank says as soon as that shows current that can give us a loan.
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Answer:
I'm having the same prob. having co-signed a loan with my brother. Your husband can help her with the 2,800 and treat it as a parting gift. thats the only way out if you cant wait for her to normalise the loan
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