Close
Login to Your Account
No Account?
+ Reply To This
Results 1 to 6 of 6
  1. #1
    Registered User Enthusiast
    Posts
    78

    How long does it take to recover from credit issues through divorce?

    Well a buddy of mine is going through a divorce and it is creating havoc on his credit. It is not a good situation and I am at a loss of what to tell him. Have any of you gone through this and recovered? How long did it take you to get back on your feet, if you don't mind me asking?


  2. How long does it take to recover from credit issues through divorce?
  3. #2
    Registered User Enthusiast
    Posts
    69
    This is a loaded question - each situation is unique and it could take a good amount of time to recover. If I were your friend, I would be calling the companies they have credit with and try to make amends with them. Any accounts possible, take the spouse off the account. The only thing is that if he does that he will be totally responsible for the debt. So, there is a down side and an up side to doing this. She won't be able to charge any more if her name is removed from the accounts.

  4. #3
    Registered User Senior Member
    Posts
    101
    This can take some time. It is good to do your best to keep your credit in tack, but it is not always going to be possible. Divorces can be very damaging to credit.

  5. #4
    Registered User Enthusiast
    Posts
    78
    Sorry to hear about your friend's situation. Things can be so ugly when dealing with divorce. I would encourage your friend to keep pressing forward and do the best he can to handle the situation.

  6. #5
    Registered User Enthusiast
    Posts
    63
    I know this can be a tough situation when two people split in divorce. Understanding how this can affect credit is one thing. Another thing is cleaning up the mess it can leave behind. Some spouses automatically pay all the debts to keep their credit clean.

    The accounts will eventually be divided in a divorce and responsibilities given to each party. In this case having court documentation of who is responsible for what account can help. Give a copy to the person seeking payment from you. I know of a couple who divorced and the car loan company was coming after the female until she showed documentation her ex was responsible for the car. The company then left her alone and nothing bad showed up on her report.

  7. #6
    Registered User Senior Member
    Posts
    101
    Hopefully each party can peacefully work things through even when it comes to divorce. Also, it being important to protect yourself in the long run.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •