Articles Posted in debt

Do I Have to Pay for My Spouse’s Debts?
Alan R. Burton Attorney at Law

When two people get married, it often makes sense to combine finances. Spouses open joint bank accounts and combine their incomes to help each other pay off debts–both pre-existing debts and new ones acquired during the marriage. In many situations, spouses may depend on one another to be able to cover their monthly bills. This…

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Does Divorce Hurt Your Credit Score?
Alan R. Burton Attorney at Law

Many people believe that when they get married, their credit score will be combined with their spouse’s and that their credit will be intertwined. Therefore, many people may wonder what will happen to their credit if they later decide to get divorced. First, it is important to understand that your marital status does not directly…

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