Divorce & Bad Credit

[Mega G]

What about a divorce ruins your credit? I have heard that it does but not sure if it is true.

For example, you always see the sleazy car ads "No credit, bad credit, divorce, no problem!".So does getting a divorce screw up your credit? If so why/how? Is there any way to avoid it and come out with your credit intact? What if you have a business line of credit...would it be affected? Thanks in advance!

[nkozyra]

Divorce in itself does not ruin your credit, but often the split/remaining balances are not well tended, and often fall behind.

[ninsianna]

It can work against a person who has no personal credit history. Especially when it was more common for a woman to rely on her husband's credit, and when the home, cars, credit cards and everything were in his name. After a divorce she would come out of it with 0 credit history.