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Articles Tagged with divorce and credit

Managing Your Credit Score During Divorce

Published on: April 12, 2023 | On behalf of Arnold & Smith, PLLC

Managing Your Credit Score During Divorce

You work hard for years to maintain a good credit history and score. When you are married, you and your spouse are usually responsible for the debts that you incur. Although you may always pay your bills on time and keep a good credit to debt ratio, you could face some credit challenges during and after your divorce. Even when couples agree to end their marriage, they may disagree about finances. In North Carolina, when couples divorce their marital property, including debts are to be divided equally.

Marital Debts

How Divorce Can Hurt Your Credit Score

Published on: September 15, 2015 | On behalf of Arnold & Smith, PLLC

North Carolina State Bar Certified Family Law Specialist Matthew R. Arnold answers the question “How long does getting a divorce take?”

Divorce can be a trying time for a lot of reasons: the emotional pain, worries about your kids, financial stress, etc. Something that many people may not realize, but should pay attention to, is the way that divorce can impact your credit score. When assets are divided during a divorce, most people believe that’s the end of the fight, mistakenly assuming that if the other spouse was ordered to be responsible for a debt then they are free and clear. This is often not the case and can lead to an unsuspecting spouse having a once pristine credit score trashed. To find out more about how divorce can impact your credit score and what to do to prevent that, keep reading.