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Articles Tagged with credit score and divorce

Five Tips to Protect Your Credit Score During a North Carolina Divorce

Published on: June 17, 2020 | On behalf of Arnold & Smith, PLLC

Board Certified Family Law Specialist Matt Arnold answers the question: “How much does it cost to get divorced, and how does the billing process work?”

While a divorce is a great opportunity to start your life with a clean slate, there are certain things you can do that could hurt your credit score. After all, divorcing couples have to split not only their shared assets and property, but also their shared debt. We have prepared five tips to manage your joint debt and protect your credit score during a divorce in North Carolina.

How Divorce Can Hurt Your Credit Score

Published on: September 15, 2015 | On behalf of Arnold & Smith, PLLC

North Carolina State Bar Certified Family Law Specialist Matthew R. Arnold answers the question “How long does getting a divorce take?”

Divorce can be a trying time for a lot of reasons: the emotional pain, worries about your kids, financial stress, etc. Something that many people may not realize, but should pay attention to, is the way that divorce can impact your credit score. When assets are divided during a divorce, most people believe that’s the end of the fight, mistakenly assuming that if the other spouse was ordered to be responsible for a debt then they are free and clear. This is often not the case and can lead to an unsuspecting spouse having a once pristine credit score trashed. To find out more about how divorce can impact your credit score and what to do to prevent that, keep reading.