Preparing for Divorce :: Step 6: Establish Your Own Credit
This is the sixth installment in the series of posts by Michael Sherman of the Alabama Family Law Blog on the steps to take when it becomes apparent that a divorce may be imminent. His series takes an honest, practical approach in showing people how to protect their interests and make prudent preparations in such a situation. Here is Step 6 - Establish Your Own Credit:
We are now on to the sixth step in our series on preparing for divorce. The sixth step is: Make sure you have your own credit established.
If you do not have your own credit history, you should begin the process of establishing it now. Obtain a gas card and a credit card. You will need to have your own credit established after the divorce. And, the sooner you begin the process the better. So, don't wait until after the divorce. You can start this immediately.
Once you've obtained the accounts, you can imrpove your credit by using the cards and then paying them off each month. At this point, it is important that you use these cards only to the degree that you can pay them off each month. Your goal is to establish a favorable credit history, not to run up a bunch of debt.
Source: "Divorce Preparation: Step 6 - Establish Your Own Credit" by Michael Sherman, published at his Alabama Family Law Blog.
We are now on to the sixth step in our series on preparing for divorce. The sixth step is: Make sure you have your own credit established.
If you do not have your own credit history, you should begin the process of establishing it now. Obtain a gas card and a credit card. You will need to have your own credit established after the divorce. And, the sooner you begin the process the better. So, don't wait until after the divorce. You can start this immediately.
Once you've obtained the accounts, you can imrpove your credit by using the cards and then paying them off each month. At this point, it is important that you use these cards only to the degree that you can pay them off each month. Your goal is to establish a favorable credit history, not to run up a bunch of debt.
Source: "Divorce Preparation: Step 6 - Establish Your Own Credit" by Michael Sherman, published at his Alabama Family Law Blog.
