NOTE: https://divorce.click/save25 will now save you $25 (no guarantee how long this promotion will last so take advantage of it today!
First things first. I not only utilize the services I’m about to describe here (for almost six years now) but may also make a small commission if you choose to use the services I describe, and why, for yourself. It doesn’t cost you more, it only helps fund our website to get this information out to others. We would appreciate your time looking into these services as we have first-hand accounts of how it works ourselves.
When you experience divorce it’s likely to see your credit score impacted because some of your marital joint accounts will be closed and some new accounts opened. This usually means your score takes a hit right off the bat — so people need to find a way to strike a balance between positive credit activities and those that pose a negative impact on their future borrowing capacity, their car & homeowners insurance rates, and more that is being tied to a person’s financial rating.
My Credit Score Journey
Nearly six years ago, not long after my long and nasty divorce, I was looking for a way to increase my credit availability. Earlier in my life, I gained years of experience in mortgage banking and real estate. I knew that I would need more tradelines on my credit bureau since my former spouse kept the house and refinanced it in her own name, and we closed several joint accounts that we had held together for almost 20 years.
I found RentReporters as a viable provider to help me and was interested in a service that could make a positive difference in my credit score. Since I was planning to rent, I decided to take advantage of the situation in the best way that I could. I was simply making lemonade with the lemon’s life handed me after divorce.
Every year in late January I order all three major credit bureaus for free. This gives me a chance to compare and strategize throughout that year to raise my score. It’s been very successful since I started my divorce.
RentReporters doesn’t report as a “new account” so it won’t be a negative toward your credit score as a “seeking credit” inquiry. It’s simply a tradeline that shows you pay bills on time. And, with the newer reporting models coming out like the Vantage 3.0 and more, that is a plus.
Since first signing on with them (nearly six years ago now), I’ve seen my score go up OVER 200 points. Nothing happens overnight and it took time with consistent effort. But, if you don’t start now you’ll only put yourself behind your final financial goals.
Of course, there isn’t a magic wand. This won’t “fix” your life alone. However, it will certainly help and you shouldn’t dismiss it. Every little event to your credit file is a plus or minus to your score and credit rating.
I hope you’ll click this link and check out their program. There isn’t anything greater than the feeling to know that you are at the top of your financial game after your divorce from your ex.