If you and your soon-to-be-ex share joint responsibility for loans, be sure to get in touch with the finance companies to put them in the picture regarding your situation, as soon as you part company.
Unfortunately, loan payments can easily be cast to the wayside during stressful periods and there’s not a great deal more stressful than coming to terms with an oncoming divorce.
The financial settlement that takes into account your full joint worth, might not be looked at for a great many months. You need to have more than the verbal assurance from your ex that they’ll ‘take care of things’ during the interim.
Bad credit ratings are as hard to shake off as bad husbands or wives.