How do I protect my credit rating during a collaborative divorce?

When facing a collaborative divorce in Delaware, it is important to protect your credit rating. Here are some tips: 1. Make sure that all debts are divided fairly and in writing. All debts should be listed in the agreement so that each person is aware of its existence and who is responsible for paying it. 2. Make sure that any joint accounts or loans are closed or converted into individual accounts or loans. 3. Make sure that all bills are paid on time, even if you are not responsible for paying the full amount. If you are unable to pay the full amount, contact the creditor to arrange a payment plan. 4. Keep all records of payments and communications with creditors and retain copies of any agreements. 5. Monitor your credit report and correct any errors. You can obtain one free credit report each year from the three major credit bureaus. 6. If you have any joint accounts that were left open, contact the creditor to close the account, or at least freeze it. By following these tips, you can ensure that your credit rating is preserved during the collaborative divorce process. It is important to take proactive steps to ensure that you are not responsible for paying any bills that are not rightfully yours, and to ensure that all debts are divided and paid in full in a timely manner.

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How do I protect my credit rating during a collaborative divorce?

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