When in the midst of a divorce, too many indivoduals fail to ask how their creditworthiness could be harmed by their former spouse. This is unfortunate, because joint liabilities can come back to haunt you. "Divorce attorneys are not financial counselors. That's not their job, but that's something you have to address.
If you're a joint account holder, you're equally responsible for that balance. You need to keep an eye on it, and you need to check your credit regularly to make sure that bill is getting paid. As the credit company to send yu a seperate statement so yuo can verify that your spouse who is responsible to pay the debt by the divorce decree pays on time and every month. If your spouse promises to keep current on payments on a jointly-held account and fails to follow through, be aware that will impact your score.
If you're a joint account holder, you're equally responsible for that balance. You need to keep an eye on it, and you need to check your credit regularly to make sure that bill is getting paid. As the credit company to send yu a seperate statement so yuo can verify that your spouse who is responsible to pay the debt by the divorce decree pays on time and every month. If your spouse promises to keep current on payments on a jointly-held account and fails to follow through, be aware that will impact your score.
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