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Divorce and Your Credit Score

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A divorce could impact your credit for years to come. It is important to protect your credit during and after divorce. For example, if a husband and wife have joint MasterCard and Visa accounts and the divorce settlement stipulates that the husband pay off the MasterCard account and the wife will be responsible for the Visa credit balance, but one of them doesn’t make the payments, both parties will be penalized on their credit reports. Tips for handling credit when filing for a divorce …

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