how do u begin to repair your credit after a divorce/home loss?

Public Comments

1. A lot of people I know consider bankruptcy after those life changing events because they just can't get out from under the debt that their ex-spouse left them to deal with.
2. Hard. Even if you get a new credit card (or your ex), the information may come up on both of your reports. I would sign up for a credit monitoring system. That way if anything that comes up that isn't yours, you can fight it.
3. The single best thing you can do is make sure that you don't fall any further behind in debt payments. Create a plan to pay off your debt as quickly as possible. If money is an issue, consider using a debt consolidation service or credit counselor. But BE CAREFUL- there are many unscrupulous companies that take advantage on people in your situation with exhorbanant fees and promises of quick fixes. It is also important to stay on top of your overall credit health by subscribing to an online credit report and monitoring service. These services will give you access to your credit report from all three of the major credit reporting bureaus as well as monitoring service that will alert you of any substantial changes to your credit report. I personally use Experian's FreeCreditReport.com, but there are several reputable services available online. You can learn more here: http://consumercompare.org/creditreport/
4. First make sure you no longer share ANY debt. Find a reputable credit company. We use Veracity through our company!
5. Make sure her name is off of everything you have. Including insurance, your will, cars, any loans ect. Then you start all over again on your own. Rent, a secured credit card,ect.. will help. Get a copy of your credit report to see everything that is going on also. Good luck
6. I have been to "many" different credit repair sites on the web. Some were pretty good and some were pretty bad. I refuse to use a website<!--that requires a fee to get their credit repair info when there is great free sites on the web.. I'm listing the best site that I've ever been to. http://badcredits.awardspace.com/repaircredit.htm It is a "free" do it yourself credit repair site. I have learned so much by reading and asking questions on that site. And, I have seen "significant" improvement on my credit reports after learning-->my rights and using them.Don't pay for information that you can find for free.