How A Divorce Can Distress Your Credit

The figures on how many marriages end in divorce are staggering. And as emotionally heartbreaking as a divorce can be all too often it also has an severely harmful effect on your money as well.

Far too frequently these days, a person who has been a dependable and dependable credit risk for many years ends up with colossal problems on their credit following a divorce. One of the main causes of problematic credit for many individuals is divorce.

When you are married you and your spouse are often together treated as just as responsible for repaying loans like mortgages, car payments and credit cards. When the split-up happens the courts usually allot responsibility to one or the other party. However, even though this is by order of the court many times the creditors will ignore it, especially if the loan goes delinquent.

A divorce decree does not show up on a credit report. If the ex-spouse who is responsible for the balance misses a payment the creditors can and will attempt to collect from the other party. Both parties will also have the failure reported on their credit reports. If your ex-spouse is supposed to pay but doesn't, you will be held answerable.

Another dilemma is that since the family unit has split up and you are now living in a different place, you will not receive any notices so it is likely that you will not even be conscious that there is a trouble with these until they are really delinquent and they are already showing on your credit report.

While having your credit report being affected may seem terrible enough if the other spouse decides to declare bankruptcy, you could be held legally responsible for the total amount of the balance due even though the courts assigned it to your ex spouse. You may be targeted by the creditor as the lone alternative obtainable for them to collect the balance.

Unfortunately at this time the credit system is inequitable to the victims of divorce. Every so often a bankruptcy is the only way to finally finalize a split-up and that is disastrous for the ex-spouse that wants to be responsible and keep a good credit score.

However this state of affairs is just one illustration of why it is crucial that we have the right and we can repair our credit. We can dispute any item on our credit reports, including bankruptcies that we feel may be inaccurate, untimely, incomplete, ambiguous, misleading, untimely, unverifiable, prejudiced or unclear. by Sam Elliott

Do You Need A Divorce Lawyer To Represent You?

With marriage breakups happening every day, finding a reliable and competent divorce lawyer ready to take on a case isn't always easy. Ideally a divorce attorney should be spending half their time dealing with divorce cases and preferably one who is a good mediator. Still, you also need to feel at ease with them; someone who immediately instills a sense of trust.

Adversarial attorneys will use the hammer to crack a walnut approach which often happens when these cases go to court whereas an attorney who specializes in mediation will take a much calmer approach. To save time when you contact your divorce lawyer, keep conversations brief and to the point, which can be achieved by preparing what you need from them in advance.

Whether you intend to see them or speak on the phone, write everything down as this is the most efficient way to utilize your legal representative and keep a record of dates and times you spoke with them. As all costs relating to law and legal advice are costly, try not to visit them at the office unless absolutely necessary; this can be achieved by using the phone or mail.

Your attorney is there for advice and any foreseeable legal actions so do not rely on them for anything but what you are paying them for, and especially not as a shoulder to cry on. When you talk to a divorce lawyer, stick to the facts and don't complain about things your spouse did unless you actually want your lawyer to do something about.

Being in control of your own case and your own life is the single best thing you can do, so it is essential that you have a lawyer who can work on that basis. You are employing them for their experience but at the same time you need them to understand that it is your divorce and you want to make the decisions about how it is too proceed. You will need to instruct them to forward any information they have received to you and you expect a prompt reply to any issue you may raise.

There are instances when you may not actually need direct legal representation but may just wish to use the services of a lawyer for advice on legal aspects like a marital settlement. For someone taking this route, it is only important that you approach a lawyer to have certain aspects explained once you have carried out you own research. It is not uncommon for people to draw up their own marital settlements with the help of a divorce lawyer who is familiar with the case.

My First Rant...

This is my first rant and rave I am posting to my blog. So here goes…… Having been a divorced dad and forced to bear the psychological scarlet letter of being cursed with the wrong sexual organ by the judicial system I have a new perspective to add to divorced life. Just a little over three years ago I filed a motion to modify custody because it became grossly apparent that things with my children’s mother had reached critical mass. Their mother was on the outs with her 2nd marriage to the father of her 5th child and found herself in the arms of a child molesting pedophile.

Read more of this child custody story.