Divorce and Your Credit Score

If one person is taking sole responsibility for the joint mortgage or any other joint debt as part of the overall agreement of the divorcing couple, it is important for the alternate spouse to have access to the account and ongoing statements during the period of joint ownership.  It is important to understand the risk…

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New Credit Rules – Household Income No Longer Counts

new credit rules

This week I learned about a recent change in the law that will affect divorcing couples’ credit and their ability to move forward financially.  In a nutshell, as of October 1, 2011, instead of household income, only individual income will be considered for establishing credit.  This means that a stay at home mom is going…

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