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How Life’s Major Events Affect Your Credit

Life events and money

Major changes in our lives, including marriages, divorces and the birth of children, can have a profound impact on our credit, and bring about significant financial changes. It is a good idea for every consumer to become familiar with the ways in which credit is affected by these life changing events. Marriages and Divorces Marriage can bring a new financial freedom for the couple, and allow them to pool their resources, but there are additional issues, and new responsibilities as well. One of the most significant changes that can affect your credit is as simple as a name change. It is important to any newly married woman to notify the credit reporting agencies about her new name, otherwise her previous credit history ...

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