Your credit and divorce…how it effects your future.

By Robin Roshkind, Esquire, West Palm Beach, Florida

We all know the importance of a good credit score…without it, you can’t buy a car, get a mortgage, rent an apartment, or even get a good job.

Unfortunately, bad marriages can lead to bad credit for the innocent spouse.  A spiteful shopaholic spouse can run up joint credit card accounts; a business gone bad can incur huge debt; boats and car purchases can put both the husband and the wife into serious debt; so can job loss and not paying bills.

The fact is your credit can be restored after divorce.  Here are some helpful hints to restoring your credit:

1.  Don’t close accounts in your name only.  15% of your credit score is your credit history and 10% is your diversity.

2.  Rebuild your credit with secured credit cards that are tied to savings accounts.  If you put $3000 into a savings account you can charge up to that amount each month.  Then pay it off.

3.  Continue to pay monthly minimums, or even over pay the minimum.

4.  Keep expenses down; do not incur additional debt.

For more information about divorce and credit call one of the attorneys at ROBIN ROSHKIND, P.A. at 561-835-9091 or click on the Firm’s web site at


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