• Alan Jacobs

How to Repair Your Credit Following a Divorce

When you go through a divorce, emotional and lifestyle changes take place - to say the least. On top of these changes, there are many financial challenges to deal with during the fallout. To name a few, you may have to make alimony payments moving forward, take on new day-to-day expenses (as opposed to sharing costs with a spouse), or even establish an entirely new individual budget.

All of these factors directly impact your wallet. But what about your credit? Even during marriage, each spouse’s credit score is tracked individually. If no accounts were in your name, there’s a chance you have no established credit history. On the flipside, you could be stuck with a high debt-to-income ratio (DTI) if all the accounts were in your name.

In this excellent blog posting Andrew Rombach, offers ideas to make positive changes that directly impact or help repair your credit.

0 views0 comments

Recent Posts

See All

What is a "win" in divorce? Getting the majority of assets? Avoiding alimony and minimizing child support? Crushing your opponent, i.e., the man or woman you once cherished? Many lawyers will be delig

You’re getting a divorce and it’s time to figure out major questions like: What happens to the house in a divorce? Why it’s so difficult to decide what to do with the house in divorce? Who gets the ho