Financial Decoupling from Ex Partner

stevenwill

Hi Everyone,

Could anyone please advise me with the following... I am going through a divorce with my soon to be ex partner, we have settled all debts, removed each other from respective credit cards, sold the marital home and today I closed our joint bank account so there is now nothing that should be financially linking us.

I just wanted to check whether there is anything I should be doing to formally 'decouple' us financially.  I am more sensible with money and took care of 'running the house financially' during our marriage (at her request), and am concerned that I may be impacted from a credit score perspective from anything she does going forward and want to protect myself.

Thank you guys!

Dimanche_Prochain

stevenwill said:

Hi Everyone,

Could anyone please advise me with the following... I am going through a divorce with my soon to be ex partner, we have settled all debts, removed each other from respective credit cards, sold the marital home and today I closed our joint bank account so there is now nothing that should be financially linking us.

I just wanted to check whether there is anything I should be doing to formally 'decouple' us financially.  I am more sensible with money and took care of 'running the house financially' during our marriage (at her request), and am concerned that I may be impacted from a credit score perspective from anything she does going forward and want to protect myself.

Thank you guys!

Tell the CRAs that you're no longer financially associated, Google financial dissasociation and then each of the CRAs as they all have different processes.

macman

Your credit score is a fictitious number that lenders don't even see, so you can ignore it.
If you have discharged the joint mortgage and closed the former joint credit cards, then you have apparently unlinked yourself from any forms of joint credit.
Were any other credit accounts in joint names, such as utllities, telcoms etc?

stevenwill

macman said:

Your credit score is a fictitious number that lenders don't even see, so you can ignore it.
If you have discharged the joint mortgage and closed the former joint credit cards, then you have apparently unlinked yourself from any forms of joint credit.
Were any other credit accounts in joint names, such as utllities, telcoms etc?

We had some utilities bills in joint names, but these were all settled when the house was sold.  Do I have anything to action in that regard?

[Deleted User]

stevenwill said:

macman said:

Your credit score is a fictitious number that lenders don't even see, so you can ignore it.
If you have discharged the joint mortgage and closed the former joint credit cards, then you have apparently unlinked yourself from any forms of joint credit.
Were any other credit accounts in joint names, such as utllities, telcoms etc?

We had some utilities bills in joint names, but these were all settled when the house was sold.  Do I have anything to action in that regard?

Ensure you have it in writing that the contracts were terminated / house was sold just in case the next residents end up using you to pay their bills and firm keeps billing you.

As above, it's always worth filing a notice of dissociation but I would give it a couple of months, wait for CRAs to update to show the joint stuff is gone and then if needs be, follow up if they are still showing a link.

Check all 3 agencies for free (MSE Credit Club, Credit Karma, Clear Score)

Joyousrox

When I separated from my husband (we had closed all joint accounts previously for other reasons), I contacted each of the 3 credit reference agencies and asked to be disassociated. One asked for some proof, so I sent them a copy of my decree nisi, which they accepted without any further info needed. Others just looked at the accounts, and as all joint accounts were closed and we were no longer living at the same address, they made the change relatively painlessly.