Most people know that credit reports are used with loan applications, sometimes job applications, and even in establishing utility services. Your credit report can also be used against you in divorce court, particularly for alimony consideration, according to a story on Forbes.com.
In the Forbes article, a soon to be ex-wife was requesting a large amount of alimony from her husband, claiming that she had limited resources. However, her husband’s attorney accessed a copy of her credit report which showed that she had access to over $50,000 in credit. She’d recently been made an authorized user on her new boyfriend’s credit card accounts. Unfortunately, that hurt her ability to get the alimony she’d requested, even though she was merely an authorized user.
If you’re going through a divorce, beware! The information on your credit report may be used against you.
More on Credit Reports
- 10 Things That Show Up on Your Credit Report
- 6 People Who Check Your Credit Report
- How to Check Your Own Credit