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Taking steps to protect one's credit score during divorce

There may be a multitude of individuals in California and across the nation who feel that maintaining a healthy credit score is an essential part of life. However, it may be difficult to know all the circumstances in which one's financial standing could be placed in jeopardy. For those who are facing a divorce, understanding how the process could affect their credit scores and the steps to take to protect their finances could prove imperative.

Upon entering a marriage, many couples may choose to open up joint banking and credit accounts. Since these accounts will have an impact on one's credit score, a person who is facing the end of a marriage may find it advisable to close the accounts as soon as possible. While this will not remove the accounts from one's credit report, it could help prevent any unexpected and potentially costly transactions from appearing out of nowhere.

Another concern that may be advisable to address pertains to any existing marital debt. Even if a person agrees to responsibility for certain debts during divorce proceedings, creditors may still pursue payment from the other party should accounts fall past due, regardless of what is stated in the divorce decree. Keeping track of debts and ensuring payments are being made could prove vital to protecting one's credit against potentially disastrous consequences.

Going through the process of divorce can be stressful and intimidating enough on its own. Those who wish to keep their financial futures in tact could choose to speak with an attorney early on for guidance in addressing all the necessary aspects of divorce. An attorney can help a client in California better understand what to expect from the process and assist in forming a strategy to pursue the most favorable outcome possible concerning his or her future.

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Ukiah, CA 95482

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