Can I Prevent my Ex From Ruining my Credit in Divorce?

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A Scottsdale divorce attorney discusses options for protecting credit in divorce.

You may be able to, depending on the nature of your marital debt, your ex and the steps you take before or during the divorce.

Protecting Your Credit through Divorce

Some of the things that can be done to mitigate the credit impacts of divorce – including an ex’s attempts to damage your credit following a divorce – include (but may not be limited to):

  • Closing joint credit lines ASAP – Even if you and your ex are splitting on relatively friendly terms, it’s smart to close joint lines of credit. This is because, with a joint line open, your ex could open up a new line of credit – without you being informed; (s)he could also change the credit limits or make other changes that could affect your credit score (not to mention your future liabilities). So, close shared lines of credit and open up credit cards in your name alone when you are ready to divorce.
  • Keeping a close eye on joint accounts following divorce – If your ex has been ordered to pay certain debts in divorce, make it a point to monitor these account to make sure (s)he making all of the paying on time. The reason this is important is that you will still be legally liable for repayment if your ex defaults, and keeping track of the account activity can alert you to any late payments (or other issues) as soon as they happen.
  • Not letting too many defaults occur without taking action – If do you notice an ex is not making certain debt payments – or a creditor calls you looking for a payment due to an ex’s default, consult an attorney ASAP to find out your best options for taking action. Letting a default go on for too long can result in far greater problems down the line, like the possibility of creditor lawsuits or wage garnishments.
  • Regularly monitoring your credit report – While this is a financially responsible habit to practice in general, it can be especially important following divorce, especially if you have a bitter ex who may be intent on revenge. By checking your credit report, you can be quickly alerted to any fraudulent charges an ex may have run up in your name, allowing you to put a stop to it ASAP.
Contact a Scottsdale Divorce Attorney at the Law Office of Karen A. Schoenau

Do you need help protecting your financial interests in divorce? If so, you can rely on Scottsdale Divorce Attorney Karen Schoenau. Since 1987, Karen Schoenau has been committed to helping people resolve their important family law matters, including complex cases related to divorce, custody, paternity and other issues.

To receive professional advice and learn more about how we can help you, schedule an initial consultation with Attorney Karen Schoenau. You can set up this meeting by calling 480-209-1918or by emailing us using the drop-down contact form at the top of this page.

From her offices based on Scottsdale, Attorney Karen Schoenau represents clients throughout the metropolitan Scottsdale area, including in Scottsdale, Mesa, Surprise, Maricopa County, Pinal County, Gila County and throughout the state of Arizona.

Client Reviews
Karen is highly respected in the legal community. She is effective and thorough. Karen just keeps going regardless of the odds.
Karen was extremely helpful setting up my petition for conciliation. She is by far the most knowledgeable attorney regarding the necessary paperwork, how to file the petition and where it has to be submitted. She listened intently when I was describing my situation and intentions. She was very responsive to my questions and request. She is trustworthy and diligent . I would recommend her to anyone having marital issues. Mark
Very high customer/client considerate. We found Karen when we were forced to leave another Phoenix lawyer due to his bad advice and lack of interest to help us. We were in Phoenix for six days from Michigan with nothing happening but a high wasted expense. Karen and her firm took us in and solved our issue with the courts etc. in two and a half days. Karen’s professionalism with us was very cost effective/productive. If we would have found her first, we would have saved thousands of dollars. Her interest for us was very high. She returned every call. She knew every answer to our questions. She did this for us with a death in her family. She left for a funeral and made sure we were treated with the same professionalism from her firm to finish up. I recommend Karen and her firm with very high satisfaction. Our case is custody with one parent in prison. We will return to Phoenix someday with interests for the child and his parent, if needed. Karen will be our top choice. Nolan
Karen and Bonita are wonderful!! I know that the word "wonderful" is used a lot, but the team they make and the work they did for me can only be described as WONDERFUL!! Yes there where ups and downs in my case, but that is the system and Karen along with Bonita guided and taught me as "WE" went through it together. Karen’s easy going manner and her knowledge really helped me with the emotional part of my divorce. I used the team of Karen and Bonita both times I needed to go to court with my ex and had results that were best for my little girl. Some times I did not get what I wanted, but it was what my daughter needed. Looking back at my case, I made the right choice and would do it again in a heart beat!! Jim
Karen was extremely supportive during a very trying time in our lives. She helped me to put things in perspective and think positive when I was overwhelmed. She is very knowledgeable about the laws pertaining to grandparents rights and the rights of the parents and knew how to provide the appropriate laws pertaining to the situation we were in. I am so grateful for her expertise and guidance. She proved to be very aggressive when she needed to be but was also supportive to my and my children. I would recommend her to anyone in a similar situation. Deanna