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January 2, 2007

Fix Bad Credit - Get a prenuptial agreement and have an attorney go over all your business contracts

by @ 10:03 pm. Filed under fix bad credit

 

Most bankruptcies are caused by the aftereffects of divorces, lawsuits, business failures and health problems. Getting a prenuptial agreement helps to protect you so that a divorce will not adversely affect your finances and lead to a downgraded credit rating.

Keeping separate accounts while married is also a good idea, as your spouse’s financial troubles can easily become your own.  Having an attorney review your contracts can at least reduce the effects of unfavorable agreements that can hurt you financially in your business dealings.
 

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    bad credit: lack of confidence in a purchaser's ability and intention to pay, displayed by entrusting the buyer with goods or services without immediate payment.

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