Protect your good credit –Your divorce does not releive you from any joint credit card debt you may have had while you wer married. You are responsible for joint accounts from any credit card s you may have along with car loans and home mortgages. Even if a divorce judge orders your ex spouse to pay a certain credit card bill, you are still legally responsible for making sure that this bill is being paid. If not your credit can be ruined.
The bank, credit card issuer, mortgage company or other credit lending buinesses that you have credit with also has the legal right to report any negative information to a credit bureau if your ex pays late on a joint account that you may have. If your ex decide that he or she does not want to pay the bill at all you will probally have to pay or action can be taken to get the debt paid off.
Until you can seperate your accounts you can not afford to miss a payment on your bills to avoid reporting to the credit bureaus. Send in at least the minimum payments due on all joint bills until they can be seperated. One missed payment can have a negative effect on your credit report at times up to 7 years. Do not try to run up the...
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