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[9 Jul 2024 | 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.

Rebuilding Credit »

[4 Sep 2011 | 2 Comments | 5,751 views]
Protecting Your Credit Score if you get Divorced

Divorce decrees do not relieve either party of joint financial responsibility. The purpose of divorce is to split off emotionally, and financially, from your ex-spouse. If you aren’t careful, your ex-spouse’s handling of your once-joint credit accounts can haunt your “FICO Score” and “Credit Rating” for years. If you had joint debts which existed before your divorce, and these accounts are not both paid off and closed, you are just asking for trouble.