2007-01-05 11:35:51 · 5 answers · asked by Anonymous in Business & Finance ➔ Credit
No, but if you have joint debts that can cause a problem. If, for example, you have a car and both of you are on the loan, your divorce does not supersede the agreement with the creditor...even if you sign a form that says he is responsible for paying it!
Best thing to do is pay off all joint debts if possible, and only keep individual credit cards and loans. Just like when you were single. Anything open that is joint (house, car) can come back to haunt you later. For example, sell the home and split the equity...unless he is giving it to you to keep!
2007-01-05 13:29:24 · answer #1 · answered by Kevin K 3 · 1⤊ 0⤋
Yes getting a divorce can adversely effect your credit rating, due to the fact that if you procured most of your credit while married you may not have a personal credit history when divorced....
2007-01-05 19:38:23 · answer #2 · answered by NeverStopQuestioning 2 · 1⤊ 0⤋
There are steps you need to take before, during and after you divorce to protect your credit rating. The enclosed link is one of many that discuss divorce and the potential impact on your credit rating.
Bottom line: Be proactive. Don't wait until things go haywire and then try to do damage control.
2007-01-07 23:20:31 · answer #3 · answered by idlebud 5 · 0⤊ 0⤋
The divorce itself does not affect your credit score. The property settlement probably will. If most of your accounts were in your spouses name only, you may not have a credit history to ruin. This can be worse than having bad credit.
2007-01-05 20:26:49 · answer #4 · answered by STEVEN F 7 · 1⤊ 0⤋
what a cute pic and the answer is a probable yes. Especially if you are a joint holder on the home or car and remember the more backstabbing the worse the credit score will get.
2007-01-05 19:39:12 · answer #5 · answered by Anonymous · 1⤊ 0⤋