How do i rebuild my credit after a divorce?

where do i begin, my husband handled all of the financial stuff? i also just started my first job? but financially were do i begin to take care of myself?

How do i rebuild my credit after a divorce?

There is a falacy out there that you need debt. It%26#039;s not true. You need a savings record more than you need debt. First thing to do is take care of any outstanding debts if you can. If you can%26#039;t, then don%26#039;t dispair. Just start paying something every month - even if it%26#039;s only ten dollars on the debt. If there%26#039;s serious trouble with collectors phoning there are plenty ways to stop this - drop me an email if you need to.

Once you have started saving something, then you can look at credit cards etc., but the truth is, you are better off without them for a while. If you can get a year or so out of your marriage and remain debt free, you%26#039;re laughing. Take it a day at a time, and you%26#039;ll be fine.

How do i rebuild my credit after a divorce?

get a secured credit card with a small limit... You may be able to get a non secured card, but the interest rate and fees would be through the roof

How do i rebuild my credit after a divorce?

Get a credit reoprt on yourself first.

How do i rebuild my credit after a divorce?

Go to www.debtproofliving.com and sign up for a year. There is tons of support and there are many articles, etc. that will help you get started and figure things out.

How do i rebuild my credit after a divorce?

Best way is to build your own credit by opening a bank account with say $500.00. Next every payday put $25.00 in and don%26#039;t touch it for at least two years. This money can be used as collateral after that. Good luck.

How do i rebuild my credit after a divorce?

Take out loans on things, if you have no credit you%26#039;ll probably have to pay a higher interest rate but if you aren%26#039;t late it will help you increase you credit value! Be careful and don%26#039;t over load yourself! Good Luck! Congrats on your new found freedom!!!

How do i rebuild my credit after a divorce?

Most young people think they need to establish credit fast, so they start accumulating lots of credit card debt. I myself have a 2 credit cards, One of the cards is for hotel reservation and emergency. The other card is a gas card, Both these cards are paid in full when ever I charge on it. This is good enough to establish your credit. Just remember, don%26#039;t live beyond your means, remember this and you will be OK.

How do i rebuild my credit after a divorce?

I found some good info here.