Sure, you understand the importance of paying your bills on time, and you may have a mountain of them, from everyday expenses to long-term debt. If the economy of the last few years has taught us anything, it’s that stability is the foundation of a solid financial stance. Even so, rising costs and plateauing salaries have gotten the best of some in recent months. If you are among the many people who have been hit by financial hardship, now is the time to assess your situation and determine how it affects your future. Cleaning up your credit could save you thousands in the long run.
With divorce rates hovering at 50%, approximately 1 out of 2 married persons will face divorce in their lifetime. While many recognize that the divorce process can be at best unpleasant and in some cases lengthy, many do not realize that the divorce may impact their credit reporting and scoring after the divorce has finished.