Debt and Divorce
Divorce can be a long and difficult process. You’ll need to make decisions about a number of things, including debt that you took on jointly with your spouse. Don’t just assume that your divorce will split loans up the way you expected, and take steps to protect yourself from future financial troubles (and stress) down the road.
Divorce Agreement vs. Loan Agreement
First, be aware that anything you agree to during divorce is not necessarily agreed to by your lenders.