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Monday, June 24, 2024   

Divorce and credit
by Scott Bilker
Scott Bilker is the author of the best-selling books, Talk Your Way Out of Credit Card Debt, Credit Card and Debt Management, and How to be more Credit Card and Debt Smart. He's also the founder of DebtSmart.com. More about and DebtSmart can be found in the online media kit.
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Scott Bilker

Dear Scott,
I am in the process of divorce and there are several credit cards and creditors that will need to be paid, but I have been advised by my attorney to make only the minimum payment between now and the trial for the divorce. Many of these are also overdue and so collection agencies, etc. call me to try and collect. How can I approach these creditors and let them know that the debt will be repaid eventually, but that circumstances prevent me from paying the debt in full at this time? Thank you for any advice you can give.

Thanks for writing!

I would put the ball in your attorney's court since he's/she's the person making recommendations about how to handle your finances. Call your attorney today and explain that you want the creditor to stop harassing you. Suggest that your attorney contact the creditors and advise them about your current situation.

Also, you can learn more about divorce and credit by visiting the Federal Trade Commission on line at: Article on divorce and credit

Good luck and please let me know what happens!

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