Credit Repair Curry

My husband and I were one week from closing on a house when we got a denial call from the mortgage company. When they check his credit to prequalify they found that My husband has or had 0 credit. When they went back to check our credit before closing, they found a 2600.00 collection debt on my credit. upon some investigating it appears to be my husbands debt. It appears that they placed it on my credit report, instead of his is that legal?

he sublease [without having him sign any papers] his apartment to a friend who moved out oweing rent. I had nothing to do with that. wh and how can they go after me?

Curry

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Curry,

If you are a co-signer or this is considered a joint account then they would have the ability to come to you for financial restitution.  If not, then they have no right to submit a derogatory account from someone else onto your record.  If you never agreed to be a party to that I would recommend either handling the disputing yourself (Broken Credit has excellent articles for research) or I would recommend hiring a NACSO certified credit repair company to handle your credit repair process.  

In regards to your husband not having any score whatsoever, I would recommend attaining a secure credit card for him.   Please make sure to keep your payments on time and to make sure the balance does not exceed 25-30% as revolving balance is 30% of your score.

If you would like to utilize our services I would be glad to extend you a discounted rate to assist you in getting started.

I hope this helps, 

Brian C. Aber
HTDI Financial
National Association of Credit Services Organizations
877-877-4834 x704