At a Glance

According to recent data, a divorce occurs in the U.S. every 36 seconds. But wait, it gets worse. Divorce can significantly impact one’s credit score due to changes in financial responsibilities. When couples separate, they must divide their joint accounts and debts, resulting in changing or canceling certain accounts. This can affect the length of credit histories and ultimately affect credit scores. In some cases, debts may also be split between both parties, making it difficult for either to keep up with payments.

Furthermore, if one party has difficulty paying off the shared debt assigned to them, it could lead to negative reports on the other party’s credit history. Divorced individuals should pay close attention to their credit reports and any updates that could affect their scores. It is essential to ensure all accounts are closed properly and that any debts are handled accordingly. If there are errors on your credit report due to divorce, you should contact the reporting agency immediately and work to dispute them. Taking these steps can help protect your credit score in the long run.

What is a credit score?

A credit score is a three-digit number that measures how likely you are to pay your financial obligations on time. It’s based on information from your credit history, including the number of open accounts, total loan amounts, payment history, and any negative marks such as bankruptcies or foreclosures. A good credit score generally starts at 650 and higher; lower scores may make it difficult to qualify for loans or other services. A good credit score can help you get the best rates when applying for loans and save you money in interest payments over time.

Related: What is a Good Credit Score?

Does getting a divorce affect your credit?

Yes, getting a divorce can affect your credit score. According to experts, the most significant impact of a divorce is when both spouses have joint accounts or loans. When these are divided during the divorce process, it can affect how creditors view each spouse’s ability to repay their debt. Additionally, if one spouse decides to take on more debt to prevent potential damage to their credit score, it could also affect their scores differently. As with any significant financial decision, it’s best for couples going through a divorce to speak with a financial professional and clear up any lingering debts before finalizing their divorce proceedings. This will help ensure that both parties maintain good credit and avoid long-term economic issues after their divorce has been finalized.

How does divorce impact your credit score?

Divorce can have both positive and negative effects on your credit score. On the positive side, filing for divorce allows both parties to separate their financial obligations and assets. This protects each party from potentially taking on more debt or having negative marks on their credit report due to one spouse’s inability or unwillingness to pay debts. On the other hand, if both parties have joint accounts or loans, these will need to be divided up during the divorce process, affecting each spouse’s ability to repay their share of the debt as seen by creditors.

1. Joint accounts remain on credit reports

Yes, joint accounts will remain on both parties’ credit reports after a divorce. According to experts, when divorcing couples have joint accounts or loans that need to be divided up during the divorce process, it can affect how creditors view each spouse’s ability to repay their debt. Joint accounts will remain on both spouses’ credit reports until they are officially closed or paid off by either party. Therefore divorcing couples should ensure all their debts are taken care of before finalizing the split to protect everyone’s credit history.

2. Divorce decrees are not honored by creditors

If divorce decrees are not honored by creditors, it can have serious financial ramifications for both spouses. The creditor has the right to pursue either spouse for the full amount of any debts that are still outstanding. This means that even if a divorce decree stipulates only one spouse is responsible for the repayment of a debt or loan, the other person could still be held liable if they don’t honor the terms of the agreement. Additionally, suppose a joint account has been divided between two spouses but not formally closed after a divorce decree is finalized. Each party could be legally responsible for making payments on that account until it’s officially closed. Therefore, it’s important for divorcing couples to ensure all debts and joint accounts are taken care of before finalizing their split to protect themselves from potential financial problems down the line.

How to protect your credit during a divorce?

When getting a divorce, it is important to protect your credit. Here are some ways to do this:

  1. Separate your financial obligations and assets: This helps stop one person from taking on more debt or having bad marks on their credit report due to their spouse not paying debts.
  2. Divide up any joint accounts or loans in the divorce process: Doing this can help each person show creditors that they can pay back their share of the debt.
  3. Have one spouse take on more debt if needed: This might affect both people’s scores, but it could help keep one from being hurt too much by the other’s bad debts.
  4. Speak with a financial professional before finalizing the divorce: Talking with someone who knows about money can help both people understand what will happen when they split up and how to keep their credit safe afterward.

Is a divorce harder on women’s credit?

Divorce can be a complicated and emotionally-taxing event for both partners, but the associated financial repercussions can add an additional layer of difficulty, particularly in terms of credit score. While it can be tough on both spouses, research suggests that women bear a disproportionate brunt of its effects. In comparing the average FICO scores of divorced men with those who have never married or widowers—both groups considered to be relatively equal in terms of financial stability—it appears that divorce is more likely to cause a decrease in a woman’s credit score than her male counterpart.

Women tend to earn lower wages than men and experience longer fluctuations in employment due to absences for childcare obligations, making them more economically vulnerable during and after a divorce. Through community outreach programs, encouraging dialogue between divorcing couples about their finances, and development of proactive stress management techniques tailored specifically to navigating divorce-related credit challenges, women can create better safety nets for themselves during this difficult chapter.


Yes, your credit score is tied to your spouse in certain circumstances. If you have joint accounts, any debts or liabilities incurred will appear in both of your credit reports. This means if one person fails to make payments on the account, it could result in a negative mark for both people, which can lower both spouses’ credit scores and impact their ability to get approved for loans or other forms of credit in the future. Additionally, even after a divorce decree has been finalized, creditors are still entitled to pursue either party to repay outstanding debts if they were accrued before the divorce. Therefore, it’s important for divorcing couples to ensure all joint accounts are taken care of before finalizing their split to protect themselves from potential financial problems down the line.

No, it is not better to have debt during a divorce. It can be tempting for couples to pass the burden of financial responsibility onto one another, but it can make your post-divorce life more difficult in the long run. Debt from joint accounts can remain on both spouses’ credit reports, and creditors may even pursue either spouse for repayment after the divorce has been finalized. This means that one person could end up with bad marks on their credit report due to their partner failing to pay debts or taking out more loans than they can afford. Therefore, to protect themselves from potential financial problems, couples should work together before finalizing their divorce and ensure all outstanding debts are taken care of before going their separate ways. Doing so will help ensure that neither party ends up with a bad mark on their credit report and makes it possible for them to move forward without being bogged down by debt obligations incurred during the marriage.

It is essential to address all outstanding loans during a divorce to protect both parties. In many cases, couples will have taken out joint accounts or loans during their marriage, which must be paid off before finalizing the divorce. If these debts are not settled before the split, both parties could remain responsible for payments and incur negative marks on their credit reports if one fails to make the payments. Additionally, even after a decree has been finalized, creditors may still pursue either party for repayment if any outstanding balances were accrued before separation. Therefore, it is vital for divorcing couples to ensure that all joint accounts are adequately handled and paid off so that neither person is burdened with potentially damaging financial obligations in the future.