Divorce can impact your credit.
If you’ve recently been through a divorce – or are contemplating one – you may want to look closely at issues involving credit and possibly seek legal advice before making any financial agreements and/or decisions. Understanding the different kinds of credit accounts opened during a marriage can also help illuminate the potential benefits – and pitfalls – of each.
If you’re considering divorce or separation, pay special attention to the status of your credit accounts. If you maintain joint accounts during this time, you may want to have a discussion with your spouse and make sure that both or one of you are going to continue to make regular payments, until an agreement is reached, so no one’s credit suffers.
Financial issues are one of the most common reasons for divorce and can be one of the most complicated and stressful to settle during a divorce.
Take the time to educate yourself, seek legal advice and make sure that you are doing everything you can to protect your credit before, during and after a divorce.
Are you and your spouse experiencing financial issues and contemplating divorce? Let me help you turn things around! (916)616-6191 or Lspiers19@yahoo.com