The divorce procedure in itself will have no effect on your credit rating. What can however affect your credit rating is the monetary actions of your acts previously, throughout, and after the divorce procedure.

Many couples will have joint accounts and possession, which will need to be thoroughly handled in case of a split, mismanagement and maliciousness, can impact not only your credit rating however also the credit rating of your ex.
In an ideal world, everybody would be able to have a friendly divorce where whatever is concurred and handled in a reasonable way with as little inconvenience as possible.

However, this is not always the case and often the actions of other (through either intent or error) can typically have serious repercussions, in financial circumstances, these actions can impact your credit rating.
Your ex misses payments or does not pay at all

A common error make is individuals not comprehending what a divorce decree really indicates. The divorce decree may mention that one partner is responsible for handling all joint monetary accounts, this does not mean that the other partner is not likewise jointly liable for any loan owed to the account.
As long as the 2nd partners name is on the account then the second partner is still accountable for any financial obligation took place, and this financial obligation will impact your credit rating. In order to avoid this you will need to guarantee that your ex stays up to date with payments otherwise endeavour to get your name removed from the account/ close the account.

You are not able to stay up to date with the monthly payments
It is no trick that divorce is costly. If you are the one responsible for ensuring that an account earns money then you need to ensure that all your costs earn money on time and in complete. You may find yourself in the position that, after all the legal costs and associated payments or the shift from two incomes to one earnings is too much, then you might find that you do not have adequate loan to pay all your personal and joint costs.

Debt can be exceptionally easy to fall under however it can feel impossible to leave, however this is not the case. The best way to deal with debt is to act smart and quick. The overall goal is to make sure that your income is greater than your outgoings, so look for methods to increase your income and decrease your costs.
What if my ex starts to be malicious?

It is something if expenses are not being paid because of carelessness or failure to pay, these things can eventually be corrected. It is another thing however when your ex starts to use your financial situation as a weapon versus you.
If you have joint accounts or if you ex has access to your personal accounts then it will be possible for them to injure you, and therefore your credit report, by missing out on payments or making large expensive purchases.

The finest thing you can do if you fear that your ex may attempt to harm you in this method is to try to get your name off any joint accounts or close any accounts they also have access to.