Over the past couple of weeks we have covered the divorce process and how it can affect your credit. Today we will cover our last segment regarding your personal information and the protection of your identity. Unfortunately many couples go through messy divorces, and the aftermath can leave spouses disgruntled in the end. If this is a similar situation you are facing, it is best to start considering the needed steps to protect your personal information and credit.
In our previous blog, we covered the proper steps to ensure all joint debts are properly closed and handled after the divorce. The proper managing of these debts will eliminate the risk of acquiring new derogatory information on your credit resulting from nonpayment and outstanding balances. After establishing an agreement for your joint accounts, it is best to start monitoring your credit. Up to this point your ex-spouse has become familiar with all your personal information. This information can include your social security number, birth date, and other important financial details that your ex-spouse can use to steal your identity and can result with damaging effects to your credit. Credit monitoring will also assist you with keeping track of the arrangements made with your ex-spouse and your joint accounts.
To protect against identity theft crimes it is best to sign up for credit monitoring services. A credit monitoring service will immediately inform you of any changes in your credit report. By monitoring your credit you can be informed of any new collections, late payments, or even inquiries that are being made to your credit. If you see any unusual information reporting, and you suspect you have been a victim of identity theft, notify the bureaus immediately! Request a fraud alert to be placed on your credit with each major credit bureau. A fraud alert will ensure that unauthorized activity is no longer made to your credit without your consent.
In our growing industry divorce is one of the top reasons why consumers need credit repair assistance. The divorce process can be emotionally and financially stressful. With the tips we have covered over the past couple of weeks, we hope this provides you guidance to minimize the stress with your finances. If you find yourself in this situation and need assistance with disputing inaccurate or suspicious accounts, MSI Credit Solutions is here to provide you with the financial guidance and assistance you need. You may contact us for a free credit consultation to evaluate your needs.
MSI Credit Solutions provides superior credit restoration and comprehensive consulting services that are reliable and affordable. For any questions or to schedule a free credit consultation, contact us at (866) 217-9841.
*The information in this article has been provided strictly for educational purposes.
