Tuesday, August 16, 2011

Keep Your Ex-Spouse from Ruining Your Credit

Divorce can often lead to money meltdowns, but these strategies can help minimize the fallout By Kimberly Palmer

Posted: August 16, 2011

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Divorce can wreak havoc on a person's finances, especially if it involves dealing with formerly shared assets, debts, and credit cards. As Candace Bahr, co-founder of the nonprofit Women's Institute for Financial Education, puts it, "No matter how much money you get, you have half the income and half the assets you had previously," because the income is now spread over two households instead of one.

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