Protecting Your Credit in a Temecula Divorce
Divorce Lawyer Serving Temecula
If you are considering or going through a divorce in the Temecula area, you may be concerned with what can be done to protect your credit. You may have heard that a divorce may negatively affect your credit rating, and this is true if it is not approached and handled properly. That is why we recommend working with an experienced Temecula divorce lawyer at our law offices in these matters, as an attorney can help you take preventative measures to protect your credit.
Debt will need to be divided in a divorce, and this may be accomplished with an out of court agreement reached in an uncontested divorce or in a final judgment in a contested divorce. In either situation, your creditors will not be legally bound to abide by your divorce order. If you have joint accounts or debt that you and your spouse share, you will need to take action to separate these so you cannot be held liable for your spouse or ex-spouse's failure to pay his or her share. Following are some useful tips to protect your credit while going through a divorce or legal separation:
- Close or freeze any joint credit accounts you share with your spouse
- Separate any joint accounts you have
- Turn joint accounts into separate accounts under either you or your spouse's name
- Inform your creditors that you are going through a divorce
- Make sure you are still receiving the bills that you are supposed to pay
- Do what you can to make sure all bills are being paid during and after your divorce, even the ones that may not be your responsibility, particularly if missed payments on these may affect your credit
- See about settling debt with certain creditors, with the promise (in writing) that no derogatory information will be filed against your credit score or rating due to your settlement
Contact an attorney at our law offices for help in protecting your credit in a Temecula divorce.