Reginald Black

Feb 20, 2017

I can\'t say enough about Kathleen Gingrich. I needed her services at a very difficult time in my life. ...

Deb Hoffert

Feb 08, 2017

I can not say enough great things about this law firm. Everyone is extremely knowledgeable, professional and above all else ...

John Arena

Feb 01, 2017

Peter Russo and the staff at his firm have handled my personal and professional business for almost a decade. His ...

rick scott

Feb 01, 2017

Peter was easy to work with and handled my case first class. He was knowledgeable about my case (possible age ...

Jenn Spears Brenize

Feb 01, 2017

Peter is extremely knowledgeable and aggressive, yet even-tempered. He is professional, diligent, and compassionate, and responsive to his clients\' ...

Robert Davis

Jul 25, 2018

WERE BACK !! First and foremost Peter has a sense of humor. Peter was efficient and effective and on point when ...

Angela Reighard

Jun 26, 2018

Kara Haggerty was an amazing attorney. She handled my highly toxic divorce with aplomb, carefully and skillfully. Megan was also ...

Bob Levin

May 11, 2018

I have been working with Peter for last 3 years and the experience has been worthwhile. He is a man of ...

Beth Sizer

Mar 22, 2018

I am a grandmother who just wants to be involved with her only grandson\'s life in every way, watch ...


Jan 10, 2018

Peter is an excellent attorney! He is caring and effective in his representations.

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Property division does not eliminate need for good credit

In the midst of a Pennsylvania divorce, many spouses focus exclusively on the property division aspects of their settlement. They may believe that the outcome of that process will leave them in great financial shape and that they have little need to worry about their credit. For spouses who have not played a primary role in the family’s finances, they may have very little in the way of a credit history or have poor credit from previous financial blunders. Regardless of where one’s credit score sits, there is always room for improvement, even if a property division outcome is very favorable.

The best way to begin improving upon one’s credit score is to gain access to a current report from all three credit bureaus. Check carefully for any errors or for old information that should have aged off of the report. If there are any inaccuracies or omissions, take the time to go through the process of challenging those entries.

Next, it is important to establish new credit in one’s own name. Shop for one or two new credit cards, and pay close attention to the interest rate and terms offered. Use those accounts to make modest purchases, always keeping the balance well below half of the available credit limit and always paying the bills on time. Soon, credit scores will begin to rise based on this new activity.

No matter how well a Pennsylvania spouse will do during the property division phase of a divorce, the importance of having good credit cannot be overstated. By following the simple approach outlined above, it is possible to improve one’s credit and be in a great position to obtain new credit if and when needed. It is impossible to predict the future, and having access to a loan or credit card if an emergency or unexpected need arises is crucial to maintaining financial stability.

Source:, “10 Financial Moves That Keep You Sane During a Divorce“, Marilyn Lewis, July 23, 2015