When couples get divorced, they have a lot to consider. Often, divorce reveals a wide array of complex issues couples never imagined they’d have to navigate. Various issues, such as child custody and support, alimony, and property distribution can become quite contentious. Additionally, after a divorce, it is paramount that your credit is in good shape, as you will no longer have a partner that will significantly contribute financially. This is why it is so important that you continue reading and reach out to our knowledgeable Los Angeles divorce attorneys to learn more about protecting your credit during & after a divorce in California.
What to Know About Protecting Your Credit During & After a Divorce
Some of the most valuable tips for protecting your credit both during your divorce and after the divorce process has concluded are as follows:
- Open a checking account. Unfortunately, we find that at times, spouses will attempt to train financial assets from jointly held checking accounts. This can drastically impact your financial future, so it is best to simply close out those accounts and create your own checking account, wherein you will deposit all paychecks and other assets held in your name.
- Get your own credit card. If you and your spouse shared a credit card, you should now open a new credit card in your own name. You should then start building credit if you haven’t already. If need be, apply for a low-level credit card and gradually increase your limit. Know that to do so, you mustn’t go over your limit and you must always make your payments on time.
- Though you may not expect your spouse to do anything underhanded, the truth is, during or after a divorce, it is best to change all the passwords of your various accounts to ensure your spouse cannot access them.
- Understand whether you are responsible for paying off credit card debt.
If you have any additional questions about protecting your credit during divorce, please do not hesitate to reach out to our experienced California divorce attorneys today. We’ve guided countless individuals through each step of the divorce process for years while helping them ensure their financial situations are kept in check, and we are here to do the same for you.
Contact our experienced Los Angeles firm
Divorce and family law issues are notoriously complicated and personal, which is why you must hire an attorney with years of experience, as well as the compassion and skill needed to handle these sensitive matters. For the qualified, dedicated legal representation you and your family deserve and need, contact Zitser Family Law Group, APC today.