03/07/2011 02:21 pm ET Updated May 25, 2011

Divorce's Negative Effect On Your Credit Score

Naomi Allen, a state government employee in Ohio, thought she was doing the "right thing" when her marriage dissolved in 2007. As the more financially savvy of the couple (she'd helped her then-husband raise his credit score several years back after discovering it was too low to qualify for a mortgage), Allen took it upon herself to refinance her mortgage so her ex wouldn't have a legal obligation to that debt.

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