Separation or divorce is overwhelming and may affect your credit standing unless you give it proper attention. It is important to take note first on knowing the differences between joint and individual credit accounts.

Joint accounts simply state that both of you are liable on any debt under this name. Agreements don't change the standing of the debt unless outlined in the divorce agreement on which person would be responsible.

Individual accounts on the other hand need your special attention. Regardless on your marital status it would still be retained on your credit report. That is why all debts must be paid on due date and keep those account balance reasonable.

The process of divorce takes time usually several months in ironing all the agreements between parties. That is why during the transition period you need to do the following:

Pay on time for all debt, so neither spouse's credit suffers. All it takes is good communication amidst the dilemma that occurs. In the long run, it is worth the effort.

Check your credit report and gather as much information from notable national credit reports like Experian, Equifax and TransUnion. This would enable you to know where your credit stands at the moment.

If possible, any joint accounts shall be closed. In this way, it would ensure that neither spouse could add more charges to the account, whilst maintaining to pay down any outstanding balance.

In conclusion, don't take for granted your outstanding debts upon difficult times like divorce or separation. Since you need to take good care of your credit accounts that may help you in the long term with proper financial management.