Can Getting a Divorce Hurt My Credit in New Jersey?

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If you are worried about the negative effects of a divorce, please read on, then contact an experienced Hackensack, New Jersey divorce attorney to learn if getting a divorce will hurt your credit score in the Garden State.

Will a divorce wreck my credit in New Jersey?

Divorce proceedings do not affect your credit report or credit score directly, because your credit report does not state whether you are married, single or divorced. That said, it may indirectly impact your credit as you’ll likely have to divide joint accounts during the course of your divorce. If you are listed as a joint owner, cosigner or authorized user, you must deal with that joint account prior to the divorce. You can do so either by closing the account or ensuring the account is only in your or your spouse’s name.

How do you protect your credit during a New Jersey divorce?

Fortunately, there are several steps you can take to protect your credit throughout the duration of your divorce. Just some of the most important things you can do are as follows:

  • Open up a new line of credit and start building your credit immediately
  • Try to remain civil with your spouse so they don’t do anything drastic with your credit during your divorce
  • Speak with your creditors to discover your options

If you have any questions about this or any other divorce-related matter, you should strongly consider reaching out to a skilled New Jersey divorce lawyer today.

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Whether you are getting divorced or are facing any other family law matter, you need competent legal assistance on your side. Our legal team is dedicated to fighting for individuals, their families, and their future. Contact HD Family Law today to schedule your initial consultation with our compassionate and experienced firm.

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