Filed Under:Life Insurance, Life Planning Strategies

Divorce can improve credit scores

People often saw their credit scores improve after a split, with nearly 30 percent reporting a significant jump.
People often saw their credit scores improve after a split, with nearly 30 percent reporting a significant jump.

People looking to improve their credit scores will explore a variety of strategies to do so — but divorce isn't usually among them.

Even so, a survey of divorced consumers showed that people often saw their credit scores improve after a split, with nearly 30 percent reporting what they considered a significant jump. The Credit.com Divorce and Credit survey collected responses from 526 divorced adults of varying age, income level, educational background and location. While not nationally representative, the results offer an interesting look at how personal finances play into and change after a divorce.

While not everyone shares the details of their financial lives with their spouse, the survey sample shared some interesting insights into how couples perceive their credit scores and their partners' scores. In every couple, you'd expect to see one person with a higher credit score and one with a lower score, but how couples perceive each other's credit is quite different.

Read the full story here.

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