Divorce Advice for Men | Fathers Rights Divorce | Child Custody

Question:

I need financial advice on divorce. My ex-wife was awarded the marital home in our divorce decree.

I recently became aware that my credit score has dropped considerably since then because she has been repeatedly late on the mortgage.

Is there anything I can legally do to get my name off the marital home mortgage other than for her to refinance, which is next to impossible?

Question:

I am curious about the child support laws for reducing my overnight visitation credit?

My income has been greatly reduced in the past several years due to the recession. I recently received a motion with the new child support calculation.

On my judicial order I was given a 34% overnight visitation adjustment credit. On the new motion, the Child Support Modification Unit gave me a 10% credit. This drastically changed the child support calculation.

Is there a legal precedent for reducing the overnight visitation credit? My children live with me 182 days a year.

By Tara Lynne Groth

Special to DadsDivorce.com

At any stage of the divorce process one wants to minimize the risk of credit damage. Identity theft by a former spouse, although rare, is possible.

Equifax offers an annual credit monitoring service for approximately $150 that includes identity theft insurance.

Here's a checklist for protecting your accounts and limiting the possibility of identity theft:

Financial adviser Dan Danford answers a personal finance question from a Money Made Easy viewer:

"My son wants to purchase a car and have me co-sign for it. I have an average credit score so I don't think I would be rejected as a co-signer, but will the fact that I am co-signing for my son affect my credit score in any way?"

Danford, MBA, CRSP, of Family Investment Center, explains while co-signing may not affect your credit score, it may affect your ability to get loans in the future.

Remember that loaning money or co-signing is a business transaction. Treat it as such.

Financial adviser Dan Danford answers a personal finance question from a Money Made Easy viewer:

"I was going through a mortgage transaction and heard about credit disability insurance. What exactly is this and could the insurance be used for any type of credit or is it only usable on mortgage debt?"

Danford, MBA, CRSP, of Family Investment Center, explains credit disability insurance and what factors you should consider when determining whether to purchase it.