How to Rebuild Your Credit After a Michigan Divorce

Getting a divorce can be financially costly. With court costs, filing fees and attorney’s fees, the expenses can add up quickly. These are in addition to any other financial issues you may be facing as a result of the divorce, like the monetary impact of going from two incomes to one and selling your shared home.  Divorce can put a financial strain on even the most affluent couples, and it is not uncommon for people to come out of a divorce with debt or damaged credit. Having good credit is key for obtaining loans for things such as homes or cars, so having a good credit score is pretty important after you are divorced.  Here are a few tips to help you rebuild your credit after your divorce: Keep a Budget The first thing you should do after your divorce is figuring out what your new budget is. Prior to your divorce, you may have had two incomes to support your family. Now that you are single, you are only working with one income for all of your expenses.…

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