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Dividing credit card debt in divorce: consider these points

Like many people going through a divorce, you may find yourself buried in credit card debt. It's important to remember that you have to divide debt, just the same as you do any assets you co-own with your spouse.

Here are some points of consideration regarding credit card debt in divorce:

  • If possible, leave your marriage without any joint credit card debt
  • Pay off joint credit card debt together
  • Divide debt down the middle for both individuals to transfer the amount into a credit card in his or her name
  • Don't use any joint credit cards after you decide to divorce
  • Keep detailed records of every credit card expense
  • Monitor your credit card account closely, so you will be alerted if your soon-to-be ex-spouse attempts to make an expensive purchase
  • Consider the many ways to pay off joint credit card debt,e.g., using money from a joint savings account

Along with the above suggestions, there's one last thing to consider — bankruptcy. If you are still married to your spouse and you have reason to believe that bankruptcy could improve your finances, it's something to consider. This can go a long way in ensuring that neither individual is stuck with the debt in the future.

Dividing credit card debt in divorce can be challenging but is a vital element of the process. Since asset and debt division is one of the most important parts of the divorce process, don't put this on the back burner. Instead, learn more about your debt obligations and the best ways to handle it during your divorce.

Source:, "Dividing credit card debt in divorce," Amy E. Buttell, accessed June 11, 2018

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