Loans

A second Arkansas bank has sued Kevin Lewis, a Little Rock attorney, for defaulting on loans, this time for debts totaling $1.8 million.

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photo credit: Matt McGee

It is no secret that going through a divorce is a costly endeavor, but people often underestimate the danger that it could pose to your credit. The main problem, which many people are unaware of, is that lenders are not required to follow court decrees. These decrees assign the responsibility of paying off loans to one person, however, lenders may choose to ignore this decree and still expect you to make payments on your loan. Assuming that you are no longer responsible for a loan and the obligations that go along with it can lead to missed payments and overall damage to your credit.

Take Care of Finances Early (more…)