Does Divorce Hurt Your Credit Score?
Going through a divorce is incredibly stressful, especially if you’re worried about your finances. Most people want to know if divorce hurts your credit.
What Happens to Credit Card Debt in a Divorce?
- List your accounts. Make a note of joint accounts, credit cards that include you as an authorized user name.
- Pick a debt-elimination strategy for your accounts.
- Decide how to pay off debt on joint accounts. You’re both liable for the debt, so come to an agreement about how much each of you should pay. Some split it down the middle, but others can identify who incurred what expense.
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