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Contact your creditors immediately. Request that they close the accounts and note that the account was closed at your request. The account will stay open as long as there is a balance on the account, so you want to pay down the balance as soon as possible. If you can't pay off the balance to close the account, send a certified letter requesting that the account be suspended. State that you will not be responsible for new charges after a specific date. These steps are critical in protecting yourself financially.
If a home is involved, the court will decide who gets the house. But a divorce decree does not relieve you of your obligation with the creditor. Even if your ex-spouse gets the house, you will still be responsible for making the mortgage payments. We recommend that you contact your mortgage company and consult an attorney to make sure you take the proper steps.
Then work on building a positive credit history for yourself. Obtain a copy of your credit report and review it to make sure it doesn't contain any surprises. Make timely payments on all your bills, and apply for only one credit card. |
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