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

When navigating a collaborative divorce in Washington, it is important to consider how it will affect your credit rating. Fortunately, there are several steps you can take to protect your credit during the collaborative divorce process. First, you should review your credit report and work with your attorney to dispute any inaccurate information. This way, you can ensure that only accurate information is used for your credit score. Second, you should consider setting up a payment plan for joint debts that you are responsible for. Working with your lawyer, you can use the divorce agreement to outline how these payments will be made and who will be responsible for them. Third, it’s important to work with your lawyer to come up with an equitable division of marital property. This will ensure that both you and your partner are protected in case of any financial hardship as your credit ratings can be affected if one partner fails to pay on a joint debt. Finally, if you think you might take a financial hit during the divorce process, you may want to explore credit counseling. A credit counselor can help you understand your current financial status and advise on how to rebuild your credit score. By following these steps, you can take proactive steps to protect your credit rating during a collaborative divorce in Washington.

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

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