By Robin Roshkind, Esquire, West Palm Beach, Florida
Divorce forces sale…you have seen this on home listings. Well divorce forces a lot more than the sale of the marital home. Divorce forces an innocent spouse to have a suddenly bad credit rating; divorce forces the mortgage to be in default; credit cards to be maxed out for living expenses; divorce forces cell phones to be cut off; divorce forces bank accounts to be emptied; divorce causes good people to do bad things.
In these economic times, there are several things you should be on the look out for. Below are a few of them:
1. Check your credit card interest rates and pay off those cards with the highest rates first.
2. Consolidate your debt at a lower rate, if possible.
3. Request a forebearance action on your car loan or other installment loans.
4. Pay all minimums on your credit cards to protect your credit rating.
5. Contact your mortgage lender for a mortgage modification or refinance.
6. List your home for sale or rent long before it goes into foreclosure.
7. Live more frugally and save money where you can.
8. Consult with a credit counselor.
For more suggestions, call one of the attorneys at the Firm at 561-835-9091 or click on the ROBIN ROSHKIND, P.A. web site at www.familylawwpb.com.