Month: October 2014

How a Divorce Can Impact Your Credit

A principal concern of parties preparing for or going through a divorce is how it will impact their credit scores. You may have spent years building up a decent credit rating and fear that a divorce may have a negative impact. For example, if you had a joint credit card account with a balance of thousands of dollars that is now assumed by one of the parties, what happens to your credit if that party does not make payments? For the most part, a divorce does not directly affect your credit. Before you file, however, you should take steps to minimize your obligations on certain debts. If either...

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