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Why did my car lender ask for my divorce agreement?
I've been divorced for over 10 years, but when I went to purchase a new vehicle, the lender asked for my divorce agreement. We don't have any outstanding commitments and I have excellent credit. Why did they ask for this?
Sophie Newman · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“Different underwriters have different criteria for loan verification. It could be that they needed to confirm you don’t have any outstanding alimony, or because your debt to income ratios are cause for concern.
Trust in the process. In all likelihood, it’s just part of the typical underwriting process for
purchasing a new vehicle
with that particular lender. Don’t forget that when you buy a new car you will also need proper coverage for the vehicle. The free
Jerry
app compares rates from the top providers and delivers the best deals to your phone in minutes.” View full answer
- Gregory R.
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Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
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