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Financial debt has taken the lead when the
reason for divorce occurs. Some couples think ignoring the debt means it
will go away till they want to move forward with their future by buying
a home or a new car. At this point, they get denied for any loan and the
ignorance has come full circle by hurting their chances, instead of
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Some couples feel if they work together to
pay off their outstanding debt, in a few months they will be able to
reapply for a loan. The reality is the credit history stays on the
reports for seven years and once a couple is married, if one had a high
FICO score and the other had a low FICO score and never did anything to
fix it, now both are connected and it ruins both their chances. There
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