Chances are you know someone who is facing the challenges of divorce. Going through this process can be emotionally and financially difficult. Failing to address important credit issues, however, will only make things worse. Remember, a divorce decree does not absolve credit contracts or relieve responsibility for any and all debt incurred during the marriage. The following is a proactive plan to maintain healthy credit both during and after a divorce. |
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*Rates are subject to change due to market fluctuations and borrower's eligibility. | ||||||||||||||||||||||||||||||||||||||||||||||||||
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Keller Williams Brandywine Valley - West Chester, PA
OICP ABR, ePRO,Ecobroker
After finally getting signautres on an agreement for the sale of a house (after 9 months on the market) where the owners are going through a divorce, I ca echo the importance of everything here. Thanks for the post, Karl
Apr 03, 2009 11:31 PM
Greenville, NC - Greenville, NC
Mortgage Loan Officer - Getting You The Right Loan
Karl, it amazes me that so few divorce attorney's give advice or direct their clients professionals for advice on this subject. In particular getting your name of debt for which a divorce decree indicates the other party is responsible to pay.
Jay
Apr 04, 2009 02:54 AM
Moorestown, NJ
Accredited Loan Consultant
Janice - Working with sellers that are going through a divorce can be especially difficult as there is usually so much more emotion involved.
Apr 06, 2009 05:21 AM
Moorestown, NJ
Accredited Loan Consultant
Jay - I completely agree, particularly when I hear so many clients say that divorce is what ruined their credit.
Apr 06, 2009 05:26 AM
Comments(4)