Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Cards
Profile Image

Question By
CCandy236

0 Contributions
0 People Helped
Getting a divorce, should I wait to open a new credit card?
My divorce finalizes in mid January. My husband and I own a house together which accounts for ~87% of my total dept. The remaining debt is completely student loans. I don't have any credit cards under my name or any other sources of dept. After the divorce, I will no longer have a mortgage as my husband is buying me out. My credit score is at 637 right now. Should I apply for a new credit card now, after the divorce, or not at all? Any help will be greatly appreciated as I'm new to managing my own finances! Thank you.

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
1793 Contributions
3029 People Helped

as your score seems a bit low you might want to look into a secured credit card.   Also look into the store credit Cards as with the Holiday season you might be able to get one or 2, ( but DON"T Charge them Up )  just get a small item and pay the card off.

As for the ex buying you out if your  Name was on the mortgage you need to make sure that he does re-finance the house into a new mortgage.  This is a Must,  other wise if he is late on a payment it's on your credit history also and you don't want that.  

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.