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February 12, 2008

Safeguard your credit when getting a divorce

When you divorce it is important to keep in mind that your lenders (be they mortgage lenders, auto finance companies or credit cards) are NOT bound by the terms of your divorce decree.  If you do not plan well this could be a financial pitfall for both of you.

Some good tips on how to handle this issue can be found here.    Among the tips: “Turn joint accounts into individual accounts. Begin by converting credit card accounts.”

You can find the book You’re Nothing But a Number mentioned in the article here.

posted to Divorce @ 11:53 am

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Split Wide Open | home | Getting along with your ex: Children are hurt when divorced parents duel