Financing in California>Question Details

Vicki Taylor,  in California

How does Legal Separation vs. Divorce Affect Credit & Homeownership in California?

Asked by Vicki Taylor, California Tue Nov 20, 2007

What is the difference between Legal Separation and Divorce when it comes to Credit Scores and Homeownership, where only one spouse is already on title? That is a critical question in for anyone in CA who is getting Legally Separated - but NOT Divorced - to understand how to protect their home, family and credit worthiness. For example, one spouse may end up as a single parent in their house, which is already in their name. So does anyone know if Legal Separation in CA has less of a negative impact on Credit Scores?

Thank you for feedback and helpful ideas you may have on this subject.

Vicki Taylor

Help the community by answering this question:


Divorce and Legal Separation don't guarantee any protection for your credit score by themselves. Credit lines and loans need to be officially put in separate names in order to protect any downsides from late payments or worse by past spouses. Both legally written agreements will show who pays what to whom - this will be vital to show a lender when applying for credit. Best to ask a divorce attorney and a CPA.
0 votes Thank Flag Link Fri Nov 23, 2007
Mario Pinedo,…, Real Estate Pro in Cupertino, CA
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