How To Protect Your Credit Before and After the Divorce?

1 - I can do better 2 - Jury's out 3 - Pretty darn good 4 - Splendiferous 5 - Awesometastic by 28 people | Log in to rate

Ranked #1,278 in People, #22,432 overall | Donates to Save the Children

How To Protect Your Credit Before and After The Divorce?

A looming divorce can be stressful on anyone and in the heat of the moment people who once shared love and respect can do terrible hurtful things to each other. If care is not taken during this stressful time, divorcees can find themselves in hot water later on down the track, worse still it is possible that serious damage can be done to an individual's credit rating. It is in your best interest to make sure that your credit and good name are protected before, during and after divorce.

By taking a few precautionary steps, and having a solid understanding of the way your accounts work, before the divorce begins will mean that a recent divorcee wont have quite so many pieces to pick up after the divorce is over.Plan ahead and nip any chance of damage to your credit in the bud, before it gets serious.

 

Read full copyrighted resource about 

 How To Protect Your Credit Before The Divorce

let me hear from you 

Lensmaster

CreditRepairSecrets wrote...

Hi Vishenda, great lens on a difficult subject. Divorce is a rough experience on its own but many people forget about the financial part and how it can affect your credit. I enjoyed reading your lens and it is nice to see a lens about credit because I also have a lens that covers the subject of Basic Bank Accounts which are bank accounts for people in the UK who have bad credit.

Michael

ReplyPosted April 29, 2009

Lensmaster

Esther wrote

The terms on my divorce settlement stated that each partner is responsible for any credit under his or her name. We had two vehicles, under our settlement each one of us was to take full responsiblility for the vehicle we kept. I took care of all my financial responsibilities, I paid everything on time and I supported my two boys with no help from him. I did all of this while working a part time job. He decided not to make the payments on his vehicle (I'm the co-buyer) the vehicle was reposessed and now my credit is ruined. What can I do?

Reply Posted February 26, 2009

Lensmaster

Reasonable_Divorces wrote...

This is a very nice lens. You share some helpful information here. I'd love it if you'd stop by my lens and say hello when you get the chance.

ReplyPosted February 15, 2009

Lensmaster

TopLawyer wrote...

Nice lens. Divorce is not advantageous for either party especially when ones credit is involved and on the line. There are legal forms available to help in a situation pertaining to divorce and credit. A Google search reveals pages and pages of helpful material when it comes to protecting your credit in a divorce situation. Remember, the best memory in the world is a signed contract! Frank legal forms Website Owner.

ReplyPosted February 10, 2009

Lensmaster

dnlletaylor wrote...

Nice one! 5 stars Can you check out my lenses about divorce and rate them if you think they are worthwhile?

ReplyPosted September 22, 2008

 
Next Page
1 of 6 pages

Get Your Free Credit Building Ebook 

I know you have seen Credit Repair books online selling for anything from $9.99 to $190.00.

I found a great ebook on credit repair that I used to take my credit score from a 616 to 742.
It is still for free so I encourage you to sign up for their free credit repair guide at this resource

Credit Repair and Building ebook

Frequently Asked Questions About Bad Credit Credit Cards 

Bad credit s a big, and growing problem in the US. In this article, we will be answering questions regarding bad credit. If you are currently having problems with your credit score, check out these questions and find out what you can do about improving your credit rating.

If you have bad credit, does that mean you can never apply for a credit card?



No. Even with bad credit, you can still apply and be approved for a credit card. Although standard credit cards generally require excellent credit or high credit scores from their applicants, there are credit card companies that have special programs designed especially for people with bad credit. Bad credit credit cards were created to cater those who will not qualify for a standard credit card due to a low credit score.

What are bad credit credit cards?

The Importance of Secured Credit Cards 

Secured credit cards are designed to assist people who have never had credit or those who have bad credit, in order to enable them to establish a good credit rating.

Typically, secured credit cards are issued when the holder is able to offer a type of "security" deposit to the lender by depositing a pre-arranged amount of money into a savings account, money market or certificate of deposit. This is how it works: Usually, for a small fee, the lender will allow the card holder to utilize the credit card within the specified parameters. Unlike using the cash for any purchases, the secured credit card creates a credit history for the holder, thus contributing to their overall credit rating.

With a secured credit card, it is imperative that you make full payments each and every month; otherwise interest is charged on the outstanding balance. If you default, the lender will use the amount in the security account to pay off the debt and this can result in more damage to your credit rating.

Continue reading Do Your Research On Secured Credit Cards Before You Apply