By
eHow Relationships & Family Editor
Difficulty: Moderately Easy
Step1
Get a job, even a part-time one, if you are not employed. Make sure your income is reported. An under-the-table paycheck may seem great, but it will not help you establish credit.
Step2
Establish a residence, and don't move. Frequent moves make creditors nervous.
Step3
Cancel all joint credit cards from your marriage.
Step4
Apply for a credit card in your own name. If you are denied, get your credit report, and find out why you were denied.
Step5
Get information about debit cards if you are denied a credit card. Debit cards look like credit cards, except you pay money up front and then draw against this money when you charge purchases.
Step6
Make name changes. If you have changed your name because of the divorce, you should notify all of your creditors, financial institutions, and investment or pension accounts. Make sure your address information is current.
Step7
Open bank accounts in your own name if you do not have accounts set up. Open a checking and a savings account, even if you can put only a few dollars in the savings account.
Step8
Budget your money. Do not buy more than you can afford, and do not take out a loan unless you can pay it back.
Step9
Get a cosigner if you are turned down for a loan you need. Ask parents, family and close friends.
Step10
Make arrangements to consolidate your debts if they are more than you can handle. Check in your phone book for a consumer credit-counseling service that can assist you in doing this.
Step11
Talk to an attorney. Often creditors will agree to accept smaller payments when an attorney indicates you may have to file bankruptcy. Discuss bankruptcy with your attorney if you cannot handle your debts.
Step12
Pay your bills on time.
Comments
rosie96778 said
on 9/20/2008 good tips thanks