What Happens To Your Credit When You Get Divorced?
One question that may haunt divorcees is how their divorce may affect their credit. Shared Credit Shared credit refers to financial accounts that are held in both your name and your former partner's name. This may be credit cards, auto payments, bank accounts or even a mortgage. During the divorce proceedings the judge may split the payments and assign each person specific bills to pay. If one or the other partner doesn't pay their portion of the bill it can reflect negatively on the other's credit score, even though they are divorced.