Divorce and Credit: Financial Mistakes to Avoid

Join our weekly #CreditChat on Periscope, YouTube Live, Twitter, and Snapchat every Wednesday at 3 p.m. ET.  This week, we discussed common financial mistakes couples can make when getting a divorce.

The panel included: Leslie Tayne: Founder of , P.C. helping to manage debt and personal finances; Jeanne Kelly: Credit Coach, Speaker and Author and founder of JeanneKellyAcademy.comShannon McNay: Writer for Student Loan Hero; and Mike Delgado: Director of Social Media at Experian.

We’re also featuring financial tips all week on Snapchat.

Questions We Discussed:

  • Q1: What are the first steps someone should take financially when going through a divorce?
  • Q2: What happens to the household bills if a spouse decides to move out during the divorce?
  • Q3: What should someone do if they are unable to meet their financial obligations during a divorce?
  • Q4: What happens to joint accounts during the divorce process?
  • Q5: How can someone keep track of joint accounts their ex is now responsible for by decree?
  • Q6: What should someone do if they were not in charge of the finances in the relationship?
  • Q7: What mistakes should someone avoid if they are taking out credit on their own for the first time in many years?
  • Q8: What can you do if a spouse files for bankruptcy during a divorce?
  • Q9: Where can someone turn if they feel lost with their credit and finances during a divorce?
  • Q10: What final tips to you have for someone going through a divorce?

View the complete chat on Storify:

If you’ve never heard about #CreditChat, here is a brief overview:

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