New Delhi, April 17 -- Maintaining a good credit score is important for anyone to be able to secure a loan or credit card on convenient terms and conditions. It is normal for married couples to run a joint bank account and credit card.
But what happens to these cards and accounts in case of divorce? Oftentimes, these accounts are not settled, thus impacting your credit score.
So, do divorces lead to an impact on credit score? Not directly but these can lead to situations where credit score becomes a casualty.
Joint bank accounts stay joint until they are closed: Once divorce takes place, especially in cases where both names are on a loan (such as a personal loan, or credit card), both the partners remain legally accountable. If your ex...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.