How does legal separation or divorce affect your credit?

Normally, it doesn't. But what does happen in these cases is sometimes there are debts that are disputed as to who is responsible to pay them and as a result neither party pays. If it is a joint account, both credit histories will be negatively affected. If you are not sure get a copy of your credit report before the divorce agreement is drawn up. It will show who is the party responsible or whether the account is in both names.

Be certain to get this straightened out before you sign the final divorce papers. Itemize the accounts and the owner of each. Remove the second name from any and all accounts. Then you might have somewhat of a chance of getting the other person's account off of your credit report. If possible, close all existing joint accounts and open your own.