top of page

Is a Person's Credit at Risk During a Divorce?

Divorce can be expensive, taking a hit on your credit in the process. In addition, if you are in the process of a divorce and share a joint account with your spouse, you may be vulnerable to excessive charges.


Working with lawyers to process a divorce is a lengthy process. A lot can happen with your finances until the divorce is final.


Here are some steps to take to protect your credit during divorce:


1. Pull a Credit Report: Do not remain ignorant during a divorce. Get a picture of your credit score and do what you can to protect it during the process. Pull three credit reports from trusted establishments to get a full view of your credit status before, during, and after a divorce.

2. Close All Joint Accounts: Your partner may act out by spending a lot of money on joint credit cards or bank accounts. Close the joint accounts immediately to avoid any drama with shared funds.

3. Document All Charges on Joint Accounts: As you are waiting to close joint accounts and loans, keep careful documentation of any charges that appear on those accounts so they can be split correctly during the divorce proceedings.

4. Open a Credit Card Under Your Name: Once the divorce is complete, it's time to work on building your credit without a connection to your ex. Open a credit card in your name and make monthly payments on time. This will help to increase your credit score.

5. Create a Budget: Start your new life post-divorce by taking an inventory of all your income and bills. Set up a budget that will promote success and maintain a healthy credit score.


You are not alone through the divorce process. Even if you feel lost and do not know where to start with your credit situation, it may be time to ask for help.


We can help you keep an eye on your credit. Contact Miles & Hatcher, LLP, if you have any issues with your credit score or joint accounts. We are happy to help. Call to schedule a free consultation: (909) 481-4080.

4 views0 comments
bottom of page