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Divorce often leaves spouses with bad credit, since the divorce court's decision does not impact lenders. A judge may rule and appoint payment responsibility of credit card or loans on one of the divorcing spouses, but lenders do not honor the court's decision. That's why it is important for divorcing parties to pay attention of the status of their credit card debt.
In a bad credit divorce, both spouses can end up with bad credit, if no one assumes the responsibility to make payments. To avoid a bad credit divorce, you will need to take necessary action, even before divorce proceedings. Couples that are considering divorce should establish credit in their own names and convert joint accounts in to individual accounts.
A divorce lawyer can help you avoid bad credit divorce. A divorce lawyer can work with creditors and lenders to convert joint accounts into individual accounts during the divorce. A divorce lawyer can also help you avoid bad credit divorce by helping you obtain a copy of your credit report, review your credit report and dispute any reports that are incorrect and can also show you the steps for paying off each bill that could ruin your credit.
If you are going through a divorce and are concerned about your divorce leaving you in bad credit, contact Attorney Search Network today. We can help you find a divorce lawyer in your area with experience in bad credit divorce.
If you have any questions about the information provided above, please contact us. Call us toll free at (800) 215-1190 or fill out out online form for your family law lawyer referral.