Question by  shari (52)

What happens to your credit reporting after you get a divorce?

I know that his and my credit were tied together. Is that still true?


Answer by  stlrfn (44)

Your credit scores will no longer be tied together after your divorce, however, any debt you incurred together will still be regarded as mutual. Therefore, if you had "bad" credit together you will need to improve your score independently. Until this is done you will still be have the same score as when you were married.


Answer by  Aral (184)

If you still have accounts and loans together, your finances will still be connected on the credit reports. You're entitled to a free copy of your credit report every year from each of the reporting agencies. You should request all of the reports to make sure that you're aware of every shared account, so you can shut them down.


Answer by  tamarawilhite (17883)

Any jointly held debt, such as a mortgage in both your names or a joint credit card, will continue to show up on both of your credit reports. If the car is in his name and the loan is in your name, if he fails to pay payments, your credit is dinged. Close all joint accounts, then get your own.


Answer by  liblue (683)

Credit after divorce turns into two separate accounts. Many ex-spouses have to rebuild their credit if there isn't any directly in their name even if there is no credit instead of bad credit. Getting a credit card and only using it for essential is a good way to establish some credit.

You have 50 words left!