How Do You Dispute Credit Problems In A Divorce?
Financial problems are one of the main causes of divorce. If the financial problems occur before the divorce, and the parties own a home or have other substantial assets, the assets can be used to wipe out the debt and erase the credit problems. But if the parties do not have enough assets to cover the marital debt, that debt gets divided equitably between the parties. And this can cause one spouse to have credit problems if the other spouse does not pay the debts awarded to her. Pull your credit reports before you file for divorce. You can get a free copy of your credit report from all three credit reporting bureaus–Experian, Equifax and TransUnion–from www.annualcreditreport.com; you are entitled to one free set of reports per year. Gather all credit card statements and liabilities. Review the credit report for any accounts that do not belong to you or your spouse. Make a list of these, if any. Then review the credit report for all valid debts. Organize the debts into three columns
