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Divorce and Your Credit
Divorce can have a major impact on your credit. Many people will go from the security of two incomes to just one. You will still have the same debt you had before. You may get your divorce judge to split your assets and debts, but you still have to move on and get things paid off and establish your own credit. Here are a few tips to help you manage your finances after a divorce.
Increase Your Income
If you didn't have your own income while you were married, now is the time to land a job that will pay the bills and allow you to save some money. If you already have a job, you may want to look for something that pays better, or take on a part time gig. Consider selling any valuable assets that you can part with to help pay off debt.
If you have joint accounts with your former spouse, get them closed and get your names off of each other's accounts. Don't rely on your spouse to do this, even if you parted ways on a good note. Do it yourself so you can be sure that it is done and you can move on without being tied to your ex financially.
If you have recently gone through a divorce, you may have some black marks on your credit report. Enlist the help of a credit repair specialist to help you get things cleaned up and increase your credit score. We have provided a list of the top ranked credit repair companies working in the United States for you to browse and find the one to best help you achieve your financial goals.