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Zero balance on loan (BANKRUPTCY & CONSUMER CREDIT)

Mon, 20 Dec 2004 05:10:00 GMT

What is the name of your state? IN
I just pulled my credit report and noticed a home equity line of credit that my ex and I obtained while married has a zero balance. My ex filed bankruptcy and the home with the home equity line of credit is mine in the divorce - does the zero balance mean I don't have to pay that loan?
Thanks

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  • Mon, 20 Dec 2004 18:46:00 GMT(1)
  • No, it means the creditor screwed up when reporting the debt. Unless you've paid it all, what's on your credit report doesn't relieve you of the debt.
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