by Peter Kenny

Divorce can be an emotional time for anyone, but when credit problems are also a part of the process, the stress can be overwhelming. At issue during some divorce proceedings are the types of credit accounts that are open, either jointly or separately, and who has to pay which ones.

On a very general level, there are two kinds of credit accounts. There are individual credit accounts and then there are joint credit accounts. Knowing how each works can save you money and perhaps some hardships later on.

Identity Theft is booming.  Identity theft occurs when someone uses your personal information without your permission to commit fraud or other crimes.  If you think that your identity has been compromised follow the steps below: 

1. Contact all three of the Credit Bureaus to report fraud.  We suggest that you call all three credit bureaus first and then follow up with a letter.  Ask the credit bureau to put a fraud Alert on your account.

Equifax
Report fraud: 1-800-525-6285
Mailing Address: P.O. Box 740241, Atlanta, GA 30374-0241

Experian
Report fraud: 1-888-EXPERIAN (397-3742)
Mailing Address: P.O. Box 9532, Allen, TX 75013

TransUnion
Report fraud: 1-800-680-7289
Mailing Address: Fraud Victim Assistance Division, P.O. Box 6790, Fullerton, CA 92634

This Category is sponsored by: