One of the many things that get women into financial trouble during the divorce process is their credit cards.
If the cards were in your name prior to marriage and you added your husband’s name during your marriage, please read on!
The stress of divorce takes its toll on a woman’s ability to make proper decisions. One of the mistakes that women often make as they face divorce is closing their credit card accounts.
The better choice is to remove your husband’s name from the card and keep the account open!
When you close a credit card account, it impacts your credit score.
It’s difficult enough to maintain good credit after divorce. You can’t afford to do anything that will damage your credit score even more. If you are worried that you might overuse your credit cards, cut them up!
Photo: Andres Rueda
