Divorce

Divorce can be financially devastating. While the act of divorce itself doesn’t affect your credit score, financial mismanagement during the process, such as missed payments on joint accounts, can significantly damage it. Joint accounts and shared debts remain major concerns requiring proactive measures such as closing or refinancing them to prevent credit damage. Texas’s community property laws divide debts equally, and creditors can claim from either spouse. This article provides the necessary strategies to manage these challenges like a pro, understand the potential pitfalls, and take proactive measures to protect your financial health during this challenging time.