Credit Topic:Fix Credit
Divorce and fixing your credit
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When this starts happening, the credit scores of both parties can take a significant dive, but that is not the worst of it. In some cases, one party will completely give up on paying their debts and go so far as to declare bankruptcy which leads creditors to begin hounding the other party to repay all debts. As a result, the person who has worked hard to manage the debts they were supposed to be responsible for following the divorce, has seen their credit score crash through no fault of their own and may face losing their home or maybe having to file for bankruptcy as well because the debts of two people are simply too much to handle.
It is because of financial disasters like this that a divorce has been labeled one of the five credit killers in the book Credit Revolution: Path of the Smart Consumer.
Your credit score is supposed to be an accurate reflection of your credit worthiness but when negative items get added to your credit reports after a divorce, lenders can get the wrong impression of you. You may be a responsible person who can be counted on to repay your debts, but the negative items in your credit reports give lenders the impression that you are less than trustworthy. Your poor credit rating ends up being a link to unfortunate past events an obstacle to making the most of the future.
When this happens, the law gives you the right to dispute any items in your credit reports that you feel may be inaccurate, untimely, misleading, incomplete, ambiguous, unverifiable, biased or unclear. By effectively disputing and removing these questionable negative items, people have been able to significantly improve their credit scores and erase the negative effects a divorce had on their credit.
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When this starts happening, the credit scores of both parties can take a significant dive, but that is not the worst of it. In some cases, one party will completely give up on paying their debts and go so far as to declare bankruptcy which leads creditors to begin hounding the other party to repay all debts. As a result, the person who has worked hard to manage the debts they were supposed to be responsible for following the divorce, has seen their credit score crash through no fault of their own and may face losing their home or maybe having to file for bankruptcy as well because the debts of two people are simply too much to handle.
It is because of financial disasters like this that a divorce has been labeled one of the five credit killers in the book Credit Revolution: Path of the Smart Consumer.
Get a new start by fixing your credit
Because of the effect it can have on your finances, fixing your credit reports may be one of the best things you can do to help put a divorce behind you and start moving forward on the rest of your life.Your credit score is supposed to be an accurate reflection of your credit worthiness but when negative items get added to your credit reports after a divorce, lenders can get the wrong impression of you. You may be a responsible person who can be counted on to repay your debts, but the negative items in your credit reports give lenders the impression that you are less than trustworthy. Your poor credit rating ends up being a link to unfortunate past events an obstacle to making the most of the future.
When this happens, the law gives you the right to dispute any items in your credit reports that you feel may be inaccurate, untimely, misleading, incomplete, ambiguous, unverifiable, biased or unclear. By effectively disputing and removing these questionable negative items, people have been able to significantly improve their credit scores and erase the negative effects a divorce had on their credit.
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More info about:
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Want to fix credit and get free credit repair advice?
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Fixing Credit
What does it mean to fix bad credit?Need to fix your credit score? You're not alone
Getting straight information about how to fix my credit
Fixing your credit after a divorce
I ordered them, now how do I fix my credit reports?
How can I fix my credit? Start by figuring our what's broken
A quick guide on how to fix your credit
Looking for a quick credit fix?
How much do you know about fixing credit?
Fix your credit for free, but at what cost?
How does credit repair help fix my credit score?
Want to fix credit and get free credit repair advice?
Fixing Your Credit Becomes Necessary in a Broken Credit System
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*Important: While the testimonials and other information on this website may be exciting, Lexington Law promises only to perform the steps we've agreed to in each client's case and to charge each month only for steps already completed. As with any legal work, no outcome is promised. Your results will vary. **The number of items removed represents the combined removals for all three credit bureaus. For example, if a single questionable negative item is removed from all three credit reports, it is counted as three separate removals.
© 2010 Lexington Law®. All rights reserved. John C. Heath, Attorney at Law, PLLC, d/b/a Lexington Law. Lexington Law is a group of law firms that may also be referred to throughout this site as "Lexington," "Lexington Law Firm," "we," "us," or "our firm". The number of items removed represents the combined results of the group.