Divorce can badly damage your credit score as the other things like bankruptcies and charge off can. If you are legally separated even then a single mistake at the end of your ex-spouse can also bring down your credit score. There could be many reasons by which your credit score can touch the danger levels.
The decision of judge will not be taken into consideration by the credit bureaus in case if you had joint account with your ex-spouse. You will have to bear the consequences of it even after separation if there will be defaulter of payment on your ex-spouse’s behalf. Your credit score will also be decreased by this act of your ex-spouse due to unfair assessment procedures of credit bureaus.
Take an example of “A” and “B” which are now separated. It is decided by the judge “A” is responsible for “C” and pay on time every month and “B” is responsible for “D” and pay on time and if there will be a defaulter of payment on B’s behalf then according to the court “B” will only responsible for it but credit bureaus have automated computer modules and both will be considered responsible for it.
If you try to explain this to credit bureaus then they will not hear even a single thing and rely on their computers. To boost up your credit score you have to pay on the part of your ex-spouse which is not fare. Fair Credit Reporting Act regulates all credit bureaus and do not permit them to add an objectionable item on credit report of anyone without a legitimate reason.
FCRA gives you rights of writing dispute letter to credit bureaus for the removal of objectionable items from your credit report. If you are trying to solve cases as disused above by utilizing your efforts then you can make it worse instead of solving it. Better approach is you handle your case to a professional and experienced credit repair firm to save yourself for any further trouble.
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