Protecting Your Credit and Managing Debt During Divorce
Release Date: 12/31/2024
Love and Money Podcast
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info_outlineDivorce is more than just an emotional journey, it’s a financial one too. This week, we're joined by Lauren Bringle, an accredited financial counselor and Customer Experience Manager at Self Financial, to discuss how to navigate debt, protect your credit, and take control of your financial future during divorce.
Lauren brings a wealth of expertise, but what makes her story stand out is her personal experience with divorce and financial challenges. As a former breadwinner in her marriage, Lauren faced unique hurdles and has transformed those lessons into empowering advice for women.
What You’ll Learn in This Episode:
- Understanding Debt in Divorce: You need to know the difference between shared and individual debt, and how the debts will be divided under your state’s laws.
- Silent Steps to Financial Independence: Practical actions to protect your credit, prevent identity theft, and build savings before initiating a divorce conversation.
- Building (and Rebuilding) Credit: Insights into what impacts your credit score and actionable steps to strengthen it post-divorce. Credit builder loans, free rent reporting to credit bureaus, and secured credit cards are all tools that can help you build your credit.
Divorce isn’t just about untangling lives, it’s about untangling finances. Understanding your credit and debt situation is the first step to reclaiming your power.
Check out the tools from Self Financial:
Self Financial provides resources to help anyone, regardless of credit history, rebuild their financial foundation. From free rent reporting to credit-builder loans, their user-friendly platform is designed to empower people in challenging situations. https://www.self.inc/
Don’t miss this episode! Learn how to protect your credit, manage debt, and take steps toward financial independence.