How bad does a divorce hurt your credit?
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How bad does a divorce hurt your credit?
Getting divorced Actually filing for divorce doesn’t directly impact credit scores, but if you have late or missed payments on accounts as a result, it may negatively impact credit scores. In community property states, property – and debts – acquired during the marriage are generally owned equally by both spouses.
Can I open a credit card during a divorce?
It’s a good idea to open up a separate account during your divorce if your spouse is squandering marital assets. Just be sure to inform the court and your spouse about the new account through a financial declaration. You will need to account for all money going into and coming out of your separate account.Apr 9, 2015
Can I sue my ex for credit card debt?
If you don’t pay the debt, the creditor can sue you and even try to collect on your share of jointly owned assets. In common law states, which account for most of the country, courts will likely hold you responsible for credit card debt in your name and jointly liable for credit card debt in both names.
