Protecting Your Credit During a Divorce in DuPage County, IL
Wheaton Area Attorneys Help Clients Limit Debt and Protect Credit Rating in Divorce
One of the most important financial concerns during a divorce is the protection of credit and financial security. Divorce can create financial troubles, especially when assets and debts are being divided. It is important to ensure that you have the necessary legal representation to get through the process of divorce as smoothly as possible.
At the law firm of Andrew Cores Family Law Group, our attorneys have extensive experience assisting clients through difficult family law matters and protecting credit during divorce. We invite you to schedule a consultation with one of our knowledgeable lawyers to discuss your options and get answers to your questions.
Experienced Legal Assistance for Financial Matters in Divorce
Creditors are typically uninterested in how property and bills are split during a divorce and are not legally bound by a final divorce judgment. If one spouse does not follow the order properly, such as refusing to pay the debts allocated to him or her, there may be several potential problems that can arise. There are steps that you can take to help keep a divorce from ruining your credit.
Make sure all of your bills are being paid on time, and if possible, settle with any creditors in order to close those accounts. If you and your spouse have joint accounts, close those accounts before separating, in order to prevent use on the account and running up charges that you will later be held responsible for paying.
It also important to create a realistic budget, assess your obligations and determine how joint debts will be paid.
Protect Your Credit Throughout the Divorce Process
If you are going through a divorce, speak with one of our experienced family lawyers at Andrew Cores Family Law Group. Contact us to schedule a free initial consultation by calling 630-871-1002. We represent clients in DuPage County and Kendall County.