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Oconomowoc divorce attorney asset division

For many people, getting a divorce is a very emotional process, but what many people do not realize is that divorce can have a huge impact on their finances. The decisions that you make during your divorce will affect your financial health for years to come, which is why you will want to be sure to prepare yourself for life after divorce as much as possible. One of the things you should keep an eye on during your divorce is your credit score. According to one survey of divorced Americans, 38 percent of respondents said they saw their credit score drop by more than 50 points after their divorce. In general, the act of getting a divorce in itself will not affect your credit score, but actions that are taken before and during the divorce can dictate the effect the divorce has on your credit. Below are a few tips to help you protect your credit during your Wisconsin divorce.

Pull Your Credit Report for Your Review

The first thing you should do is to request a copy of your credit report from all three credit bureaus: Experian, Equifax, and TransUnion. This will allow you to see a complete picture of every credit account that is linked to your name. From here, you can differentiate between your personal and your joint accounts, as well as note on which accounts your spouse is an authorized user. You will want to remove your spouse as a designated user from any of your accounts as soon as possible.

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