Credit Reports and Divorce Proceedings
During a force, the court will ensure your assets and debts and those of your soon to be former spouse will be divided equitably versus equally. This is important to know because it means that the court will look to do what it deems fair instead of focusing on being equal. The court must therefore have a full comprehension of these debts and assets and that often means looking at a credit report.
Credit reports detail debts and liabilities as well as accounts belonging to the other spouse that your name may be on. While credit reports do contain most of your debts, it’s worth remembering that you may be required to pay a few of the debts belonging to your spouse due to the equitable distribution of debts.
Even if you aren’t thinking about divorce, it’s a good idea to check your credit report to ensure there are no errors that could be negatively affecting your score. You can check your report for free by visiting https://www.annualcreditreport.com.
This update is provided by the firm Rafool, LLC. We have a strong reputation throughout Florida and we have numerous years of experience representing clients involved in complex divorce cases as well as other family law matters. Should you have any domestic or family issue, we are here to assist you by providing educated advice and skilled, professional advocacy. Call 305-567-9400 to speak with one of our family law attorneys Miami or the best divorce attorney Miami.
This information is provided for educational or informational purposes only and should not be construed as legal advice. The information is not provided in the course of an attorney-client relationship and is not intended to substitute for legal advice.