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

When going through a divorce in the state of New York, it is important to take steps to protect your credit rating. One of the best things you can do to protect your credit rating during a collaborative divorce is to make sure that all of your accounts are separate from your spouse. This means that both you and your spouse should have separate bank accounts and credit cards. Additionally, it is important to make sure that all accounts that are listed in your name are kept in good standing. This means paying your bills on time and not missing any payments. You should also contact any lenders or creditors that have accounts in both your names before the divorce and make arrangements to have them transferred into one name. It is also important to keep track of all of the debts that you and your spouse have accumulated during the marriage. This will help you make sure that each spouse is responsible for properly paying off the debts. Additionally, you should document all agreements regarding debt and assets in writing. This will help protect your credit rating if there are any disputes down the line. Finally, it may be a good idea to consider hiring a financial advisor or a lawyer to assist you during the negotiation process. They will be able to help you identify any potential financial risks that may arise from the divorce and ensure that your financial interests are properly protected.

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

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