[WSBAPT] Off-topic credit score issues during probate

[Heather de Vrieze]

I’m not sure why the PR's credit would be impacted. I also don’t have PRs assume mortgages or car loans of the estate.

Heather S. de Vrieze
Attorney-at-Law
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3909 California Avenue SW
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From: wsbapt-bounces at lists.wsbarppt.com <wsbapt-bounces at lists.wsbarppt.com> On Behalf Of Suzanne Lieberman
Sent: Wednesday, May 19, 2021 10:15 AM
To: wsbapt at lists.wsbarppt.com
Subject: [WSBAPT] Off-topic credit score issues during probate

Good morning,

Does anyone have a resource or concise set of guidelines for potential impacts to a PR's credit score once in charge of an estate? I.e. can a PR's credit score only be affected by late home loan or car payments (and not other types of creditor claims such as credit card bills or medical)? If the PR does not assume the mortgage/loan, can their scores still be affected, or only if they assume the loan and don't pay on time? I think there is a forbearance in place for the mortgage because of Covid for the client I am thinking of, so no credit impacts, but client wants to be 100% sure. Assuming there was a deficiency judgment or the forbearance period was over, would the debt then simply be handled as part of the creditor claims process, i.e. they would need to submit their claims with the Court like any other creditor?

If a PR surrenders a car and the lender goes after a deficiency judgment, can their score be affected? Any way around this?

Thanks for any insight!

Sincerely,

Suzanne Lieberman
CMS Law Firm LLC<http://cmslawfirm.com/>
811 Kirkland Ave. Suite 201 (please note new address!)
Kirkland, WA 98033
206-383-6484 (Cell Phone)
206-659-1512 (Main Office)


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