Credit Restoration After Your Divorce
After divorce proceedings have taken place, and the dust has settled the chances of having exemplary credit is pretty nil that this point. Separating credit accounts, mortgages, monthly household bills, and car payments are strewn around during litigation and both parties suffer from having their credit destroyed in a short amount of time passing. The slow climb back to a normal life will only take place when action is taken in area of credit restoration. Regardless of whose fault it is when it comes to your personal credit score, it is your responsibility to police the situation and take care of any problematic occurrence on your report.
When you restore credit, it can take seven to ten years for everything that is display in a negative light to be removed from your file. An interim solution to the situation is ask the creditor to write a letter to you stating that everything has been taken care financially and you are in good standing with them again. Keep a file like this on all past credit situations that has cast a shadow of doubt on your good name. Present them to whom ever you are trying get additional credit approved so they can see that you are indeed financially accountable in every personal circumstance.
To restore your credit score may be a little easier than having tarnished credit statements in your file removed. Call the three major credit bureaus and explain your situation, as they will have people on staff that can offer advice and counseling on how to lift your score to its previous level on their credit score range. Usually everything can be handled by the individual, but if the divorce caused several dozen deficiencies a credit restoration service may need to hired to hand the sheer volume of occurrences that need correction.
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