Getting Divorced? Know When You Are In Credit Trouble

Married couples facing with divorce may be carrying debt load and having trouble with collections, of which they may or may not be aware of. This can have a domino effect, jeopardizing credit worthiness.

Sometimes, finances can get out of control. During these times, it might be wise to keep the following list handy so you understand some of the signs that your credit is out of sorts.

1.  You are unable to make minimum payments on your credit cards or only send minimum payments into your credit card companies to repay your loans.

2.  You do not calculate a budget on a monthly basis.

3.  You were refused credit or a loan by a bank.

4.  You have balances on store credit cards,

5.  You use credit cards for daily household items, such as food or gas.

6.  Creditors have contacted you for payments on bad debt.

7.  You do not have a savings of at least two month’s living expenses in the bank.

When the above mentioned conditions occur, it does not mean that there is no way out. You can refrain from future spending and pay debt off gradually over time. You can take on a second job to pay off debt sooner. When these strategies don not work, you may want to consider bill consolidation bankruptcy or traditional bankruptcy.

Bankruptcy options ma not viable when your credit is out of control. Bankruptcy may be a way to begin to rebuild your credit. You are the only one who can decide if bankruptcy is right for you. Your lawyer can help guide through the options. Be certain to inquire about both Chapter 7 and Chapter 13.Chapyer 13 refers to debt consolidation bankruptcy.

If you are in need of a lawyer, contact Burton Padove at 219-836-2200.

Posted in:
Updated:

42 responses to “Getting Divorced? Know When You Are In Credit Trouble”

  1. Online Banking Guide says:

    That was stimulating . I like your quality that you put into your post . Please do move forward with more similar to this.

  2. larry kackle says:

    You took a lot of time on this blog I thank you

  3. james gunner says:

    Thank you for a great post

  4. sony playstation 2 says:

    This overall content is fantastic. You make many points that I can agree with and others I need to ponder a bit. Your information content and writing ability is well above my expectations. Great work!

  5. Excavation San Diego says:

    I am very interested in this article you have written. I would like to know if you have more information on this subject like this one. You have shown here that you have vast knowledge.

  6. white golden says:

    You have really done a lot of research on this subject. It shows in the viewpoints you make within this content. You also managed to keep this information interesting and unique. This is useful information.

  7. embarazo says:

    Interesante postPuede que te interese enviarlo tamben a http://www.bebenoticias.com

  8. merchant accounts says:

    If I were to pick my article of the year, it would be yours. Is there an award for that? Anyway, I enjoy reading your kind of writing. You’re interesting and intelligent. Thanks for sharing.

  9. married but looking says:

    Good info thanks for the help.

  10. oakleafeltd says:

    What a great article you’ve written! This is useful and well-thought out information with thought-provoking viewpoints and content. I’m impressed with how well you have presented this information in such and interesting and original way.

  11. how to say I love you in Spanish says:

    Really nice article you wrote here!

  12. Razer Star Wars The Old Republic says:

    Kudos for a great article! Yours is one of the most interesting articles I’ve read on this subject. Your readers are lucky to read this.

  13. glider chair says:

    This thoughtful and detailed article has enabled me to complete my research by giving me a different view to finish my paper. Thanks for posting.

  14. Web Directory says:

    It’s pure joy to find a writer who cares about their work. You apparently really care about what you what you produce and take the time to get it right.

  15. Private Proxy says:

    I am a novice writer constantly looking for inspirational material. Your article is amazing. You’ve encouraged me to become a better writer. I’d love to be able to write content like this for my readers.

  16. Convert FLV to MOV says:

    Anyone that wants to read content with solid information will want to read this article. I like how the points are stated. I share these views as well and I enjoyed this content. Thank you.

  17. golf shirt says:

    The comments expressed in this article are very organized and thoughtful. This is also very easy to read and understand.

  18. long term care insurance guide says:

    A great article is as much about writing flair as it is about technicalities, but you have it all. It takes a great writer to have flair and and skill.

  19. 2012 Honda Prototype says:

    I bookmarked this content so I can review it further later. I have to ponder on few of the points you made. I do agree with most of this information.

  20. kosher food says:

    I chose to bookmark this site so I can come back and read it again. It’s extremely well-written and it draws you into the information provided. This is excellent writing.

  21. rx eyeglasses says:

    It isn’t very often that articles on this subject catch my eye, but yours has so much detail I couldn’t resist. This is some of the best work I’ve read.

  22. inexpensive engagement rings says:

    I see so many articles with poorly written content that this one is refreshing. It’s great to know there are people that can write well and get their point across.

  23. skin care for men says:

    There are several valid points here with which I agree. I will have think about some of them, but that’s why I like this article.

  24. cna exam says:

    I enjoyed the information in your article. I like how you laid it all out so clearly. There’s no way to mistake what you’re thinking. I like this topic and I hope to read more.

  25. calorie diet says:

    I always got what ever I want in you post. Thanks again for This amazing post. I will share this with my friends for sure. Keep it up.

  26. link index says:

    Hi webmaster, commenters and everybody else !!! The blog was absolutely fantastic! Lots of great information and inspiration, both of which we all need!b Keep ’em coming… you all do such a great job at such Concepts… can’t tell you how much I, for one appreciate all you do!

  27. cakephp says:

    check on my blog

  28. Vic magary says:

    I find this article very interesting and well-written. I like the writer’s point of view in much of this content. This content is just right.

  29. xbox 360 headset says:

    I’ve bookmarked this page so I can return to read it again. I feel you have made some interesting points that I agree with and your writing skills are great.

  30. mens designer glasses says:

    This is a great article! I like your ideas and your style. You have an uncanny ability to make the written word come to life.

  31. Frank Kern says:

    This is truly amazing information. I wish I had seen this sooner. I like your points and agree with a lot of them. You’re a great writer. I hope to read more of your material.

  32. embarazo says:

    Back in my college days I seldom read writing this good. You display a lot of knowledge without being intimidating. Your attention to detail is superb. You make clear-cut points on which I can concur.

  33. automotive garage tools says:

    I love reading information that makes my brain work and you really have my gears turning. Thank you this information. You have a talent for putting things into words and making it easy to understand.

  34. hcg drops not homeopathic says:

    This article will appeal to the younger set of ideals throughout the country. Most of the articles I have read on this have little substance. Yours is loaded with substance and interesting information. Thank you.

  35. free grant says:

    You have written a really good original article here. I enjoyed your information because it made me have to think. I don’t get to do that very often these days.

  36. christmas mini lights says:

    This is a great piece of quality writing. I feel the points contained here are not only valid but extremely well-worded. Thank you so much.

  37. coach hire london price says:

    Fantastic posts from you, man.

  38. Honda CRV For Sale says:

    I am a fan of informative content, especially when it’s this good. Your views are interesting and I really like that. Thank you for making your article clear and easy to understand. That’s nice change.

  39. uninterruptible power supply price says:

    I see so many articles with poorly written content that this one is refreshing. It’s great to know there are people that can write well and get their point across.

  40. sportclips franchise says:

    Too many times I read uninteresting articles on subjects similar to this and lose interest in reading them. I’m delighted to see that you have changed my status on this subject by writing interesting material.

  41. stocks to watch says:

    I am very glad this content was available. It’s very thought provoking, informative and easy to read and understand. I know this information will be very helpful in the future.

  42. glass designs says:

    I am never quite sure what to write about an article I read, but I do really like your article. You’re content is very smart.

Leave a Reply

Your email address will not be published. Required fields are marked *