Those in Florida and throughout the country who are going through a divorce have many issues that they need to resolve. Individuals may need to take steps to keep their credit scores intact before, during and after their marriages come to an end. It is important to understand that getting a divorce has no impact on a credit score. However, it can be tricky to determine who will be responsible for paying down a joint debt.

Creditors are not bound by the terms of a divorce decree. Therefore, if a former spouse fails to make payments on a joint debt, the other person on the account will need to make those payments. Furthermore, if a joint account remains open after a divorce is finalized, either person can use it to make purchases. If that balance is not repaid, both parties on the account could suffer negative credit consequences.

To prevent unnecessary damage to a credit score, it may be a good idea to freeze or close joint accounts. While gender has no impact on a person’s credit score, women may experience greater credit hardships after a marriage ends. This is because they tend to earn less than men on average. In the fourth quarter of 2018, women made $796 per week on average while men made $991 per week.

Divorce can be a time of both emotional and financial upheaval. Individuals may need to learn how to cook, balance a checkbook and do other routine tasks on their own. An attorney may be able to help a person obtain the financial resources needed to make the transition from married to single life. This might include receiving alimony or a larger share of marital assets like a bank or retirement account.