USA   |   UK   |   Australia   |   Canada

Divorce and debt: Advice on dividing up, paying off debt

How to deal with jointly held debt during a divorce

By Anna Bleker

Divorce and debt

Divorce is stressful enough. When jointly held debt is involved, things get a lot more complicated.

It's best to pay off shared debt before divorce, so that credit card companies don't blame you for your ex's failure to pay up. While shedding debt is ideal, it's not always that easy. If you're in a tough financial situation and can't pay off debt before divorce, you'll have to divide up the debt, which can get tricky.

Read the stories below for advice on dividing debt and rebuilding your credit during and after a divorce.

See related: How bad credit affects a new marriage, Mine, yours and our: Marriage and your money, 4 common myths about debt and marriage, How to cope when spouse's secret debts come to light, Tips for uncovering, dealing with hidden credit card debt

Published: August 24, 2010

If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.

Three most recent Legal, regulatory, privacy issues stories:
  • 6 ways to thwart pickpockets – Cybercriminals and data breaches get all the headlines today, but don't forget low-tech, fast-fingered pickpockets are still out there, blending in the crowd, eager to snatch your wallet ...
  • U.S. Bank refunds $48 million for add-ons – The Consumer Financial Protection Bureau extended its crackdown on bank add-on products to U.S. Bank, which charged for credit protection products that consumers didn't always receive ...
  • Fed holds course toward rate hike in 2015 – The Federal Reserve indicated that it will keep interest rates at historic lows for the time being to support the job market, but higher rates are coming ...

Share This Story

Follow Us!

Credit Card Rate Report

Updated: 10-02-2014

National Average 15.07%
Low Interest 10.37%
Business 12.80%
Balance Transfer 12.82%
Student 13.24%
Cash Back 14.98%
Reward 15.05%
Airline 15.46%
Bad Credit 22.73%
Instant Approval 28.00%