For better or worse, you’re entering a new chapter in your personal and financial life. If you weren’t the primary breadwinner in the marriage, you may have relied on your partner to handle the finances. Starting anew, many in your situation face a rude awakening when they realize their credit record and score isn’t quite what it was when they were one-half of a married couple.
Lenders and insurers will typically consider applicants with poor credit to be higher risks and, as a result, may offer them higher mortgage and credit card interest rates, as well as insurance premiums. But take heart—here are some simple ways on how to help build credit after divorce and keep from making the kind of missteps that can be hazardous to your wealth.
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