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Fix My Credit After Divorce

radioray1025 | Dec 7, 2009 |

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There's a special case in working to "fix my credit" during or after a divorce. In some cases, the divorce can make your credit issues much worse on your credit score. If you are in the process of divorce, make certain your attorney is addressing your concerns now before you find unexpected nightmares on your credit report. A disclaimer here, I am not a lawyer and am not offering any of this information as legal advice. Seek competent legal advice on this subject. Personal experience and other research is what I'll present here.

The joint nature of marriage is pretty deep. All the way to your bills and your debts. Another disclaimer. This may not be true in some parts of the country, ask your attorney for legal advice. No matter what kind of debt you have entered into together, or who the court assigns the debt in divorce court, the credit report is blind. You are both still responsible for debts made jointly to your credit report. While you work to "fix my credit," your divorce can throw a large monkey wrench in your efforts. Questions on how do I fix my credit in this situation have a number of different answers.

Your divorce decree is the first step in getting it properly reported to credit agencies. Remember, creditors don't care about your personal situation, they just want to get paid. Contacting creditors with a copy of your decree is a first step in getting your name removed from accounts that are not yours. This is important to "fix my credit." Your credit report will be effected by the failure of your ex to pay if you don't take this step.

Don't make the mistake of assuming that just because your ex was assigned a debt in divorce court that it won't effect you. It could be even worse than you can imagine. If you haven't taken the step to get your name off the account with your creditor as provided in your divorce decree, you could find a nightmare on your credit report. This is a critical step in answer to a question of how do I fix my credit after divorce.

Your divorce decree won't fix your credit report either. If your credit was bad during the marriage, it will be bad after the divorce. Credit reporting agencies are simple repositories of information. They are the record keepers. If you paid your debts as agreed, you'll have a good credit report. There's no judgment coming from the CRA's. They just keep track.

Divorce is a clear and present danger to your credit report. Don't overlook protecting yourself at this time and use the event to help you "fix my credit."