Divorce and Credit - 6 Tips to Prevent Joint Accounts From Ruining Your Credit

 

 

Joint accounts are the biggest problem in a divorce. If the judge assigns an account and its debt to one side, then the other side is no longer legally responsible for the debt; however, since they originally agreed to pay, it can still be reported on their credit report.

 

Many people don't know about charge cards and they mistake them for a credit card, or vice-versa. But there is a big difference between the two types of cards and it is important to understand the differences so that you can decide which is right for you.

 

Credit in everyone's life plays an important element. To make a good name and in a good credit standing is very important to lead a safe and happy life. If you have good credit worthiness then you can easily get loan or money without many hassles.

 

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