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Protecting Your Credit & Finances during Divorce

Dealing with a failed relationship is never easy, especially if it is a relationship you expected to last forever. Unfortunately, divorce is now more common than ever, and more and more people are finding themselves single after years of marriage. This can be a rather jarring change for people who grew to rely heavily on their partner in more ways than one. Oftentimes, we share so much of our lives with our spouses because we expect them to keep our best interests in mind. However, when a divorce is on the table, all of those good intentions likely fly out of the window.

Divorce is incredibly financially stressful, as there are now many fees to tackle as well as a major lifestyle change to adjust to. What was a two-income home, or even one income home is now being split down the middle, which is difficult for many people to become accustomed to, especially if they weren't the primary breadwinner in the relationship. In order to protect yourself, it is essential you become financially savvy and do your best to make sure your finances and credit aren't adversely affected due to the dissolution of your marriage.

The following are crucial steps to take in case of an impending divorce:

  • Close your joint accounts immediately
  • Notify creditors of your divorce
  • Thoroughly review your monthly statements
  • Don't viciously fight for the house, as you may not be able to afford it on your own
  • Keep your address up to date in case of a move
  • Avoid vengeful spending binges
  • Use your credit cards wisely and do your best to be as responsible as possible
  • Check your credit reports regularly and thoroughly
  • Freeze your credit files
  • Only use a civil court action as a last resort, in an attempt to save your credit

Contact Our Manchester Divorce Lawyers Today

Our legal team at Sekella Law, PLLC understands just how debilitating divorce can be to several aspects of your life: emotionally, mentally, socially, but most of all, financially. Keeping your finances and credit in good standing may be one of the most important decisions you make, and it is important you stay proactive during this process. Enlisting in the help of our Manchester divorce lawyers can help make this process far more seamless than before. We are committed to helping people get back on their feet following a painful or expensive divorce. Our goal is making sure you are able to start a new chapter of your life with ease.

Speak to a representative of our firm today by calling us at (603) 686-7229.

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SekellaLaw, PLLC
222 River Rd
Manchester, NH 03104-2421

Phone: 603-505-4062
Fax: 1-603-623-0399
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