| Message |
Author |
 Posted: Wed Oct 24, 2007 8:23 am |
|
|
My husband and I are most likely getting a divorce in the next year. Hopefully as soon as possible.
I know that divorce does something to your credit score? Is that right?
Does anyone have any advice when it comes to divorce and credit?
Thanks!
By the way, I'm in Maryland if that matters.
|
|
sullivana
Joined: 01 Jun 2007
Posts: 171
Debtcc Points: 3145
|
|
|
| Posted: Wed Oct 24, 2007 8:45 am |
|
|
Pay special attention to credit issues if you are getting a divorce. Any negative information in your joint accounts affects both of your credit histories.
| Quote: | A divorce decree has no impact on your joint debts, including credit cards, car loans, home mortgages and lines of credit. You are still obligated to repay any joint debts you may have incurred while you were married. Joint accounts mean joint liability.
Despite the divorce, you are still liable for your spouse's debt in joint accounts. If your spouse fails to pay a debt as ordered in a divorce decree, you will have to pay the debt to protect your credit history. You should then contact your attorney to take action against your ex-spouse to force payment to you.
When you divorce, you must contact each credit grantor and either close all joint accounts or convert them to individual accounts.
In community property states, you and your spouse are considered co-owners of all debts, regardless of whose name is on the account.
If you are an authorized-user on your spouse's account, you may have no credit history at all. Request copies of your individual credit report to find out. |
I found this here...
brightscore.com/Education/life/Divorce.aspx
It looks like as long as everything stays in good standing you should be fine.
|
|
surveygrrrl
Joined: 01 Jun 2007
Posts: 152
Debtcc Points: 3612
|
|
|
| Posted: Wed Nov 14, 2007 5:34 pm |
|
|
Luckily, we have no joint accounts so I guess I'm okay. I was just wondering if divoice in general affected credit. LIke you said, if everything is clear then I should have no isses. Thanks for your help!
|
|
sullivana
Joined: 01 Jun 2007
Posts: 171
Debtcc Points: 3145
|
|
|
| Posted: Wed Nov 14, 2007 5:37 pm |
|
|
You should be okay. I did not have any joint accounts with my ex and nothing has shown up negatively on our credit reports.
ladybug
|
|
ladybug
Joined: 29 May 2007
Posts: 2709
Debtcc Points: 24625
|
|
|
| Posted: Wed Nov 14, 2007 7:19 pm |
|
|
I was seperated 8 years....just this past year filed for divorce. There are STILL a few things, on my credit, from BOTH me and my ex. Any advice on how to take care of these, if my ex doesn't want to 'work' with me on this?
|
|
sdchargers_63
Joined: 08 Aug 2007
Posts: 963
Debtcc Points: 10185
|
|
|
| Posted: Thu Nov 15, 2007 9:18 pm |
|
|
Thanks ladybug! I hope everything works out for me.
Good luck to you sdchargers-- I think that if he is not willing to work it out, you probably will have to settle with the company's yourself.
|
|
sullivana
Joined: 01 Jun 2007
Posts: 171
Debtcc Points: 3145
|
|
|
| Posted: Fri Nov 16, 2007 7:12 pm |
|
|
Hi,Sullivana........yea, i can of figured I would have to do that. I'm settling some of MY things first and then I'll 'tackle' those things ( from my ex and me). I appriciate the reply.
|
|
sdchargers_63
Joined: 08 Aug 2007
Posts: 963
Debtcc Points: 10185
|
|
|
|
|
| Posted: Sat Nov 17, 2007 5:11 pm |
|
|
I think that is good that you are taking care of yourself first. I'm trying to learn to do that myself too.
|
|
sullivana
Joined: 01 Jun 2007
Posts: 171
Debtcc Points: 3145
|
|
|
