Divorce and Credit

A divorce can affect your credit in many ways. Whether you are divorced, planning to get divorced, or want to protect yourself “just in case,” there a few things to consider. For some, if all the bills have been in one spouse’s name and not the other, you may find you don’t have a credit history. This can hurt one’s ability to get loans after a divorce. This is one reason why it is important to keep some credit accounts in each spouse’s name. It can protect your finances against a variety of ills… divorce, spousal death, disability, etc. Some … Continue reading