Protect your credit
Posted: Sun Dec 22, 2024 10:55 am
You’ll also need to determine your total debt, including mortgages, student loans, credit card bills, car payments, or any other debt you may owe.
During your marriage, you and your spouse likely entered into one or more financial agreements. For example, you may have shared credit cards, signed loans, and put your names on mortgages or leases.
When you divorce, your divorce agreement will help whatsapp australia contact number you determine your position on these documents. Your settlement agreement will determine which spouse will be responsible for which debts, and Arizona law generally requires you to divide those debts equally.
As a result of these decisions, your credit may change, as will your status with respect to the aforementioned financial agreements. You must also make sure to continue making payments on any agreements that are still in your name. Therefore, part of your divorce strategy must be to keep a close eye on your credit. After a divorce, it is often recommended to maintain separate accounts and credit cards.
Developing a Divorce Strategy
Once you’ve filed, the process has only just begun. Strong emotions can build up and reach breaking point, especially if you’ve lived together before your divorce was finalized. Thankfully, there are strategies you can employ to leverage your position during your divorce while remaining calm and cooperative. This can ensure your divorce goes smoothly as quickly as possible.
During your marriage, you and your spouse likely entered into one or more financial agreements. For example, you may have shared credit cards, signed loans, and put your names on mortgages or leases.
When you divorce, your divorce agreement will help whatsapp australia contact number you determine your position on these documents. Your settlement agreement will determine which spouse will be responsible for which debts, and Arizona law generally requires you to divide those debts equally.
As a result of these decisions, your credit may change, as will your status with respect to the aforementioned financial agreements. You must also make sure to continue making payments on any agreements that are still in your name. Therefore, part of your divorce strategy must be to keep a close eye on your credit. After a divorce, it is often recommended to maintain separate accounts and credit cards.
Developing a Divorce Strategy
Once you’ve filed, the process has only just begun. Strong emotions can build up and reach breaking point, especially if you’ve lived together before your divorce was finalized. Thankfully, there are strategies you can employ to leverage your position during your divorce while remaining calm and cooperative. This can ensure your divorce goes smoothly as quickly as possible.