Secure Your Credit Before Filing A Divorce
If you have plans to file for divorce and you’re keen on maintaining your excellent credit history then, you should employ the following pointers for you to achieve such goal:
Distinguish individual accounts from joint credit accounts. ● Contact the credit reporting agencies and request for the latest copies of your personal credit report. ● Determine your existing credit accounts. ● Pin-point which lines of credit are yours and which are jointly-owned.
Talk to your card issuer, as soon as possible. â—? Advise the firm to immediately remove your authorized user and to revoke his or her credit card. â—? Avoid being held accountable for unsecured credit card charges you never made or for loans you did not apply for.
Request that your high-interest joint credit account be closed â—? Avoid being burdened with a huge financial obligation, later on. â—? This tips is highly-recommended for housewives who will be looking for employment opportunities, right after their divorce proceedings.
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Have a serious talk with your husband or wife. ● Talk before undergoing divorce proceedings. ● Don’t forget to put the terms and conditions of your agreement in writing.
â—? Look for a mediator who can help speed up the process and assist you and your spouse in reaching a compromise.
Don’t neglect your financial responsibilities once you have filed for divorce. �
Do not fail to submit on-time payments to your creditors. Late payments backfires on in the form of late payment penalties and surcharges, which damage your credit history.
â—? Constantly remind yourself of your individual credit accounts, particularly your credit card charges and your personal loan repayments.
For more information on how to protect your credit before filing a divorce read http://www.newhorizon.org/credit-info/protect_your_credit_before_divorce/
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