At Divorce Resolutions®, Colorado Center for Divorce Mediation™, we work with our Colorado mediation clients to address all issues in family law and divorce cases in a cooperative, comprehensive manner. Importantly, this includes the allocation of responsibility for marital debts. Often, collaborative divorce planning seeks the closure or transfer to a single responsible party — of joint accounts, or debts incurred during the marriage for which both parties are formally obligated.
Federal law now allows all Colorado residents (not just Colorado divorcing couples) to request from a central reporting source and without charge — one annual credit report from each of the three major nationwide credit reporting agencies. The Fair Credit Reporting Act thus allows Colorado parties up to three total credit reports over the course of a year.
We recommend that our Colorado divorce or legal separation clients immediately access and review this valuable credit reporting information at www.annualcreditreport.com. (You can also access this web site to obtain further information on requesting your credit report by telephone or postal mail.)
Having your updated credit report will eliminate any future “surprises.” This valuable information will ensure your Colorado divorce or legal separation planning and resulting mediated agreement completely resolve all outstanding credit card, installment loan and other marital debt issues and concerns.
Also, see our other feature articles, where we discuss in detail other Colorado legal, procedural (including divorce law and family mediation) or parenting topics. Presently, we look in depth at: