Credit Guide

A divorcee who remarries has to call up the customer service division of the credit company and inform them about the change in the personal details. If a woman remarries and changes her name on the account, lenders have the right to review her account or credit file for her creditworthiness. A remarried person can either open a solitary account or be a joint account holder to the spouse.

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After going through the tension of a divorce and the way your financial assets are split, you can consider having credit in your name. It is also convenient to have your own credit history, so that your credit history does not get ruined because of your partner's wrongdoings or in disciplinary usage of the card. If you are a solitary card holder by yourself, you can have the credit when you need it, even in dire times.

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It is your call if you want to want to share the credit history with your spouse. If not, then you should give it in writing to the credit card company that there should be two separate credit reports for the two of you. If you share your account with your spouse who uses his or her card wisely, then you can just build on your credit history quite easily. You just have to ask the credit reporting bureau to hand you over a copy of your report. Also make it a point to contact the card issuing companies to report the account 'as joint' with your spouse.

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After your remarriage, if you decide to be jointly liable for your credit card, make it known to your spouse that he or she has to use the credit card wisely and with care. You should take care that both of you do not go overboard with credit card spending and do not incur any kind of late fees. Do not club the credit card details which you jointly held with your ex-partner, with the new partner's credit card. Keep the former credit card separate and pay off your share.

Read the family finance guide from Moneynet.co.uk, providing information on family finance issues such as child trust funds (CTF's) and child tax credits.

Apply Online For Credit Card In case you do not have a credit history, you can always get a secured credit card. These look like conventional cards but they require a saving or money market deposit of more than a few hundred dollars which act as an insurance for the lender in case you default. There is a ceiling on your credit limit beyond which you cannot exceed. It is a great tool to build a good credit standing if you are prompt with your payments.

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