Is Credit Rating Affected After Divorce?
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Posted: Wed Sep 29, 2004 8:59 am
Post subject: Is Credit Rating Affected After Divorce?
john
Date: 2/10/2001 4:20 pm CDT
How does the credit card rating shared by a married couple affect the individuals when divorced?
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
archive
Posted: Wed Sep 29, 2004 8:59 am
Post subject: Is Credit Rating Affected After Divorce?
Eugene
Date: 2/11/2001 4:53 am CDT
How does the credit card rating shared by a married couple affect the individuals when divorced?
Credit rating is never shared, meaning that when you apply for credit, your spouse's credit is not considered. If you apply together, both your credit ratings are considered (as two things, not one). If one of you defaults on an individual account, creditors will try to collect from that person only, except for joint accounts, or if you live in a "community property state" where one is responsible for the spouse's credit obligations.
When you divorce, your rating stays the same as it was before, other factors being equal.
More on this here: http://boardserver.mycomputer.com/read.html?collapse=0&uid=539413&u=Fairterms&id=2238&loc=0&thread=2238&f=1&u=Fairterms
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Posted: Wed Sep 29, 2004 8:59 am
Post subject: Is Credit Rating Affected After Divorce?
john
Date: 2/10/2001 4:20 pm CDT
How does the credit card rating shared by a married couple affect the individuals when divorced?
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
archive
Posted: Wed Sep 29, 2004 8:59 am
Post subject: Is Credit Rating Affected After Divorce?
Eugene
Date: 2/11/2001 4:53 am CDT
How does the credit card rating shared by a married couple affect the individuals when divorced?
Credit rating is never shared, meaning that when you apply for credit, your spouse's credit is not considered. If you apply together, both your credit ratings are considered (as two things, not one). If one of you defaults on an individual account, creditors will try to collect from that person only, except for joint accounts, or if you live in a "community property state" where one is responsible for the spouse's credit obligations.
When you divorce, your rating stays the same as it was before, other factors being equal.
More on this here: http://boardserver.mycomputer.com/read.html?collapse=0&uid=539413&u=Fairterms&id=2238&loc=0&thread=2238&f=1&u=Fairterms
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
posted by CardRatings.com at 12:46 PM
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