Ten ways a divorce can affect your credit

Serafini, Michalowski, Derkacz & Associates

Ten ways in which a divorce could affect your credit score:

1.) Having to refinance your home

2.) The splitting of the debt was uneven

3.) Going from two incomes to one

4.) Not disclosing all debt during the proceedings

5.) One party doesn’t pay his or her agreed-upon share

6.) One party still has access to the other party’s accounts

7.) Credit limits are decreased

8.) The divorce turns ugly

9.) There is confusion over the divorce decree

10.) Spouses don’t work together

For more information on how a divorce can affect your credit, contact the attorneys at SMDA, P.C. at (586) 264-3756.

Related Posts: Cases in the news: Bonk v. Bonk, Ways to manage financial pitfalls during late-in-life divorce, Same-sex marriage ban, Deciding where to live after divorce

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