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Articles tagged with: Divorce

Fico Scores »

[4 Dec 2020 | No Comment | 5,537 views]
7 Things you Probably Didn’t Know Affected Your Credit Score

All Credit Reports are Not Created Equal — This means that your interest rate is somewhat dependent on whichever credit report your lender uses. This may not sound significant but a few points could mean the difference between being classified from the no credit risk category to the some¬†Credit Risk category or even the default credit risk category. This could mean having several percentage points added to your loan.

Rebuilding Credit »

[4 Nov 2020 | One Comment | 5,540 views]
Divorced With Joint Credit Accounts can Lower Your FICO Score

No consumer is prevented from acquiring credit solely based on marital status. The Equal Opportunity Credit Act outlaws discrimination of all forms to provide consumers with equal access to credit resources. If you recently experienced a divorce, however, your credit score may be negatively impacted after you separate from your spouse.

Credit Repair Letters »

[19 Oct 2020 | No Comment | 3,037 views]
Sample Credit Repair Letter for Items in Credit Reports Belonging to a Former Spouse

One of the major casualties of divorce is the damage incurred to both party’s credit. Not only do you incur the expense of divorce proceedings and attorneys, but divorce can send you spiraling into bankruptcy. Until your former spouse’s information is completely irradiated from your credit file, his or her mistakes with money can also reflect on your credit score. This is why it is advisable to take the following steps sooner rather than later.

Fico Scores »

[28 Aug 2020 | 5 Comments | 12,028 views]
FICO Score Being Replaced by CoreScore Credit Score With new Credit File

Anyone who has recently applied for a mortgage knows that lenders are already looking much more closely at your financial affairs. But soon, they’ll be able to easily delve into the deepest recesses of your financial life, accessing information that never before appeared on your credit report.

Rebuilding Credit »

[21 Aug 2020 | 2 Comments | 6,833 views]
Fix Your Credit Report After a Divorce

When a couple is married, they often hold joint accounts, such as savings, credit cards and mortgages. This links their credit scores together. If you’ve just gone through a divorce, your credit may be in shambles. Sometimes, one partner will run up a huge credit card bill, deplete the equity in the home or otherwise try to wreak havoc with the credit score of the other party. It’s important to address this problem head on.