Credit Bloopers: Credit Card Mistakes During a Divorce

Posted by: Sally S. | Mar 25,2008

When you are going through a divorce, credit card bills may be the last thing on your mind. But it’s critical that you stay on top of your credit card debt during a divorce to avoid costly mistakes that can damage your credit history.

 

Avoid credit card mistakes when you’re newly divorced by organizing all of your debt. If you have joint credit cards with your ex-spouse, find out if the accounts can be closed. Find out what credit cards are in your name and make sure that you pay bills in a timely manner to avoid problems with your credit history after the divorce. If your spouse is an authorized user on any of your credit cards, avoid issues in the future by getting them removed from the card if you can.

 

You can also help maintain a solid credit history during divorce when you create a budget. Use your budget to avoid credit bloopers and to track your spending and savings. If you have high interest debt in your name, transfer the debt to a balance transfer credit card to save money on interest rates.

 

Deal with problems as soon as you find out about them and don’t let any bills linger- pay them as soon as they are received. And above all, keep a cool head so you can avoid debt and credit card mistakes during your divorce.   

 

 

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