Credit Reviews and Recommendations

DuPage County, IL Certified Divorce Financial Analysts

There are several ways that your divorce could negatively affect your credit. Most commonly, the economic impact of losing your spouse's income could make it difficult for you to stay current on payments for credit cards and loans and to pay them off in full. Your credit accounts could also be jointly held, which means that both you and your spouse are responsible for paying them. Miscommunication or hostility during your divorce could mean that nobody is actually making the payments. Finally, your credit could continue to suffer after your divorce if your ex-spouse refuses to make court-ordered payments on your remaining joint accounts.

At The Divorce Financial Group, LLC, we understand that your credit rating is determined by a number of factors. Two of the most important variables are your level of debt and your payment history, both of which could be affected by the circumstances of your divorce. Our experienced Certified Divorce Financial Analyst(CDFA™) will work with you in reviewing your credit situation and creating a strategy for managing your credit as your divorce progresses.

Client-Focused Financial Solutions in Kendall County

We understand that every person's financial situation is unique. That is why we conduct a comprehensive review of your finances, including all sources of income, your expenses, and the state of your credit. Our team will ensure that you fully understand your current circumstances and what you can do to improve them. We will help you develop a plan for dealing with high-interest credit cards, upside down auto loans, and any other debts that may be hurting your credit rating.

With more than 30 years of experience, our CDFA™ will assist you in setting reasonable short-term and long-term financial goals. We will work closely with your divorce lawyer to ensure that the terms of your divorce settlement or judgment will allow you to achieve your goals and to create the financially secure future you deserve.

Our commitment to meeting your needs does not end when your divorce is finalized. We partner with Northpoint Financial Group to provide investment management, insurance, and a wide range of other financial planning services.

Contact Us Today

If you have questions about how divorce could affect your credit, one of our skilled team members can help you find the answers you need. Contact the Warrenville office of The Divorce Financial Group, LLC for an appointment. Call 630-741-4493 today. We serve clients in Cook County, DuPage County, Kane County, Kendall County, Will County, and throughout Northern Illinois.