Divorce: Protecting Your Credit Score

An article from consumer website WalletPop.com discusses ways to protect your credit score as you go through a divorce.  The following issues (from both the article and my experience) should be addressed in any marital settlement agreement and/or final judgment:

  • Closing of joint credit card accounts;
  • Closing of joint charge accounts, such as J.C. Penneys or Macy’s;

  • Closing of joint memberships, such as Netflix (sorry Blockbusters) or gym memberships (you do not want to find out one day that you are being held responsible for your ex spouses “personal fitness instruction”);
  • Attempting to refinance auto loans and mortgages.  If refinancing is unsuccessful, agreeing to sell the car or house.




Other advice in the article includes checking your credit score on a regular basis, and even utilizing a credit-monitoring service.  This may be most important when dealing with a vindictive ex or soon-to-be ex spouse, as he or she may have personally identifiable information such as your social security number, mother’s maiden name, PINs, and passwords.

If you have questions regarding divorce, equitable distribution (division of property and debts), marital settlement agreements, or other issues, you may set up a consultation with The Law Firm of Adam B. Cordover, P.A., by visiting us online or calling us at (813) 443-0615.


About Adam B. Cordover, Attorney-at-Law

Family Diplomacy is dedicated to helping clients restructure their families privately and respectfully. We practice exclusively in out-of-court dispute resolution, with a focus on collaborative divorce and family law, mediation, direct negotiations, and unbundled legal services. We maintain this out-of-court practice because we strongly believe that family disputes should be resolved in a private conference room, not in a hostile and public courtroom environment. This unique perspective on family law stems back to Adam B. Cordover’s experience studying International Affairs in Washington, D.C., and abroad. Adam had the rare opportunity to work closely with ambassadors and diplomats from war-torn regions around the world. He traveled around the globe, learning from diplomatic leaders as they applied dispute resolution techniques to tackle seemingly impossible conflicts. It dawned on him: If these techniques can work in the complex world of International Relations, why not Domestic Relations and Family Law? This realization lead Adam to create an exclusively out-of-court practice and to bring a more peacemaking approach to family law. In his previous role as a litigation attorney, Adam witnessed parties experience the negative emotional and financial effects that long, drawn out divorce battles can have on families. As a result, Adam has become a strong proponent of the Collaborative Process, where a structure is put in place so that life’s hardest moments do not have to be any more difficult than necessary. A thought leader in the international collaborative law community, Adam successfully spearheaded an effort of the Thirteenth Judicial Circuit to draft an administrative order safeguarding the principles of collaborative family law (just the fourth such administrative order in Florida). Adam has been featured in or interviewed about collaborative practice by the Tampa Bay Times, Tampa Tribune, Orlando Sentinel, Miami Herald, Tampa Bay Business Journal, Florida Bar News, NBC, Fox 13, Bay News 9, ABC Action News, The World of Collaborative Practice Magazine, and Spirit FM 90.5. Adam regularly speaks at professional and civic organizations locally and internationally regarding the collaborative process. Adam B. Cordover is president of Next Generation Divorce, a 501(c)(3) and Florida’s largest interdisciplinary collaborative practice group with member attorneys, mental health professionals, and financial professionals throughout Hillsborough, Pinellas, Pasco, Sarasota, and Manatee Counties. Adam is also on the Executive Board and co-chair of the Research Committee of the Collaborative Family Law Council of Florida. Further, Adam is a graduate of the inaugural class of the Leadership Academy of the International Academy of Collaborative Professionals. You can learn more about us and our services at www.FamilyDiplomacy.com. Attorney Adam B. Cordover is admitted to the Florida Bar and the United States District Court, Middle District of Florida. His office is located at 412 East Madison Street, Suite 824, Tampa, Florida 33602.
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One Response to Divorce: Protecting Your Credit Score

  1. Pingback: Divorce: Protecting Your Credit Score | ABC Family Law Blog | Child Custody Attorneys

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