Although a particular marriage may be coming to an end as a result of divorce, unfortunately, the same cannot be said for any and all debts and/or credit obligations accumulated during that marriage. While there are many uncertainties connected with the entire divorce process, one element can be counted on to remain constant - the monthly bills. Therefore, from the moment the decision to separate is made, it is very important to understand the effects this will have on your debts and credit rating.

A person's credit history is very important as it is a major means by which a particular creditor can judge whether or not you are a good risk for a loan or credit line. Your history reflects what you have done with previous loans/credit lines and your willingness to repay borrowed monies. This factor and your current income are what determine what is known as your "credit worthiness". It is your credit worthiness that will ultimately decide whether or not you will be granted the loan or line of credit you apply for.

The Consumer Credit Counseling Service is a non-profit organization dedicated to helping people understand, prevent, and solve credit issues. For people with severe troubles, there is a Debt Management Program through CCCS which can help to manage and repay debts by restructuring your budget and negotiating on your behalf with creditors. There are more than 1,000 CCCS offices throughout the United States, Puerto Rico, and Canada providing low-cost or even free services. It is their policy to turn their back on no one, regardless of ability to pay. To contact the nearest location, refer to the local telephone book or phone 1-800-388-CCCS.