Having good credit is important because a healthy credit score makes it easier for banks to approve you for loans or a mortgage. So if divorce court is in your future, you should consider how to protect your credit from possible problems caused by your divorce.
According to CNBC, your divorce alone will not damage your credit. It is actions you or your spouse could take that may result in problems. The CNBC article explains how you might prevent damage to your credit score.
Separate from joint accounts
Make sure that you know every account that you share with your spouse. You might have to request a credit report to track down any joint accounts you may have forgotten over the years. You will want to track the activity on these accounts closely until you and your spouse can close them out, since expenses your spouse makes on these accounts will affect your credit.
Remove authorized users from cards
You might have a credit card that you completely own, but your spouse can still make purchases on it as an authorized user. This means your spouse could still damage your credit by making exorbitant purchases. If possible, get in touch with your card issuer to remove your spouse as a user. Similarly, see about removing yourself as a user from cards your spouse owns since expenses on those cards can also affect your credit.
Have your credit frozen
Some divorces can turn acrimonious. One spouse may open new lines of credit in the name of the other spouse just to damage the spouse’s credit. If you suspect your spouse may take malicious actions to hurt your credit, you might look into freezing your credit so that nobody can open a new line of credit using your name, not even you. You may unfreeze your credit later on if you need to finance a new home with a mortgage.