Law Offices of Andrew S. Guisbond
Arrange a free initial consultation: 617-380-7643
  • Home
  • About
    • Reasons To Choose Us
    • Your First Consultation
    • Andrew S. Guisbond
    • Rebecca Shawver
    • Candice Labbe
  • Practice Areas
    • Divorce
    • Child Custody
    • Family Law
    • Prenuptial Agreements
  • Blog
  • Contact
  • Home
  • About
    • Reasons To Choose Us
    • Your First Consultation
    • Andrew S. Guisbond
    • Rebecca Shawver
    • Candice Labbe
  • Practice Areas
    • Divorce
    • Child Custody
    • Family Law
    • Prenuptial Agreements
  • Blog
  • Contact
Law Offices of Andrew S. Guisbond
  • Home
  • About
    • Reasons To Choose Us
    • Your First Consultation
    • Andrew S. Guisbond
    • Rebecca Shawver
    • Candice Labbe
  • Practice Areas
    • Divorce
    • Child Custody
    • Family Law
    • Prenuptial Agreements
  • Blog
  • Contact
Email
CALL

Dedicated Family Law Support In Boston And Beyond

  1. Home
  2.  » 
  3. Uncategorized
  4.  » 
  5. Be proactive with your credit in a divorce

Be proactive with your credit in a divorce

On Behalf of Law Offices of Andrew S. Guisbond | May 18, 2020 | Uncategorized |

When you get divorced in Massachusetts, your credit score may be at risk. Some people have reported a drop of up to 50 points in their credit score in the wake of a divorce. While ending a marriage is not the sole reason for the drop in credit, the choices that you make at that time can impact your score. Your score is even more vital since you may be relying on your credit to start again in life.

Order a credit report and review

You can keep your credit score from falling after a divorce by being proactive. The first thing to do is to undertake a review of your own credit and check which accounts are linked to your own credit. Try to differentiate between your own personal accounts and the joint accounts that you share. It is the joint accounts that you need to focus on in the divorce.

Separate accounts and freeze credit

Once you know the accounts that you are dealing with, you will want to separate the joint accounts quickly. This will keep the other spouse from being able to run up debt in your name. Then, you will want to reach out to your creditors to alert them of your change in status. If you do not pay off the account completely, you could transfer the balance. In the meantime, you should try to freeze your credit so your spouse cannot do any damage to it.

When a couple has debt together, there are usually necessary provisions in the divorce agreement that will address who is responsible for the debt and how it gets paid. A family law attorney could help you negotiate the divorce agreement in a way that may keep you from being responsible for a disproportionate share of the debt. The amount of debt could impact how the marital estate is divided between you and the other spouse.

Recent Posts

  • How are military benefits like TRICARE handled post-divorce?
  • How do courts divide cryptocurrency in a divorce?
  • Can Maryland lose jurisdiction of interstate child custody cases?
  • Can prenups cover pet ownership?
  • How can you prepare for divorce?

Archives

Categories

  • Child Custody
  • Divorce
  • Family Law
  • Modifications And Enforcement
  • Property Division
  • Uncategorized

RSS Feed

Subscribe To This Blog’s Feed

Law Offices of Andrew S. Guisbond

Address

One Center Plaza
Suite 420
Boston, MA 02108

Phone

617-380-7643

Boston Office
Review Us

Set Up A Free Initial Consultation Today

Law Offices of Andrew S. Guisbond

Address

One Center Plaza
Suite 420
Boston, MA 02108

Phone

617-380-7643
800-441-7573

Boston Office
Review Us

© 2025 Law Offices of Andrew S. Guisbond • All Rights Reserved

Disclaimer | Site Map | Privacy Policy | Business Development Solutions by FindLaw