Protect Your Credit After A Divorce
If you have just filed for divorce and you’re looking for ways to effectively manage your finances, on your own then, we suggest you keep the following tips in mind:
� Request for the latest copies of your annual credit report with the three major credit bureaus – Equifax, Experian and TransUnion.
● Helps you determine where you stand in terms of your credit accounts. ● Shows how much you owe your creditors and which lines of credit need to be settled immediately. ● Helps you develop a suitable strategy for paying off your dues.
â—? Talk to your ex-spouse regarding the debts you both incurred when you were still married.
After this, you can... â—? Contact your card issuers and lenders to inform them who should be held liable for the credit balance in your joint accounts. â—? Tell them to immediately submit reports to the three credit trackers.
â—? Come up with a suitable repayment plan that will help you settle your existing financial obligations and which will suit your budget.
â—? Seek professional advice if you feel overwhelmed by your debts.
â—? Employ responsible credit habits, all the time. - You should resolve to submit on-time and complete payments to all your creditors until you can complete pay off your financial obligations.
- Stick to your credit limit as well as to the terms and conditions of your unsecured credit card so you can prove to your future lenders and card issuers that you are a good credit risk.
For more information read http://www.newhorizon.org/credit-info/protect_your_credit_after_divorce/
Do you have questions about rebuilding your credit? Join our Facebook group!
Feel free to ask your questions within the group!
JOIN OUR OTHER SOCIAL MEDIA COMMUNITIES! NewHorizon.Org
NewHorizon.Org