Posts Tagged ‘divorce’
What to Do If You Can’t Afford to Leave Your Spouse
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When you and your spouse both know that your marriage just isn’t going to work and you want a divorce, you might end up staying married because neither of you can really afford to leave.
Many people who want to file for divorce realize that they simply can’t afford to end their marriage when they want to. The cost of actually filing the divorce and then building a new life from scratch can be pricey, not to mention emotionally overwhelming and stressful. For practical reasons, sometimes staying married is just a better financial choice for the short term.
Still, there are some things you can do to get on your feet and finally end the marriage.
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What to Do If You Need Child Support
If you have recently ended a marriage or a relationship and had children at some point during the relationship, you may be eligible to receive child support from the other parent.
Child support laws exists to ensure that the child or children are appropriately cared for once the parents’ relationship has terminated.
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5 Tips to Protect Your Credit Score During a Divorce
Going through a divorce will take its toll on your emotional and financial well-being. But did you know that it can also affect your credit score?
When you’re thinking about getting a divorce, or already going through divorce, worrying about your credit score is probably low on the priority list but it’s not something you should ignore entirely.
In these difficult times where your credit score dictates everything from where and if you will be able to rent, to how much interest you will pay on a car loan, and what your auto insurance rates will be for the year, it’s still important to think about ways you can minimize the impact of divorce on your credit score.
When you are going through a divorce, you want to be able to start your life over with the odds stacked in your favor.
Here are five tips for protecting your credit score before and after you file for divorce:
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My Credit Was Ruined After My Divorce. What Should I Do?
Q: “My fiance is having problems getting a mortgage. This is due to his ex‑wife’s failure to pay a previous joint mortgage with a certain company. We can prove that he made payments to the joint account and prove that she canceled the direct debit. Can you please advise how we can repair this damaged credit?”
A: First of all, let me say that I’m sorry your fiance is having problems getting a mortgage, and that his ex‑wife appears to have contributed to the damage to his credit rating.
However, I’m afraid I have some bad news for you as it pertains to his marred credit rating and this mortgage debt. The fact of the matter is: since they were both co‑signers on that previous joint mortgage, they are both legally liable for it and both responsible for paying the debt.
Continue reading “My Credit Was Ruined After My Divorce. What Should I Do?” »
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