What credit dangers do single parents face?

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Being a single parent can be a challenge. Juggling work and parenting may leave you with little time to fix your credit.

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Typically single parents have less income than married couples. The pressure of getting good credit is even higher.

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You have to qualify for mortgages, auto loans, and other credit on a single income, making it a big challenge.

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If credit was damaged in a divorce or breakup, it takes time and effort to rebuild a good credit score.

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If there are joint accounts that still exist, you may have to pay them or hope your ex makes payments on time.

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Either way, any late payments will hit your credit score and cause it to drop, making it harder to bounce back.

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Given your circumstances, you need to be even more diligent in building good credit in case you need financial help.

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Get your credit report and score in order. Prioritize fixing issues, work on pain points and consolidate debt.

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If you're financially responsible, pay your bills on time and tackle existing debt, you can avoid these dangers.

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