Divorce is an emotional separation that can greatly impact your financial situation. Many people are financially fit until faced with the economic consequences of marital separation. There are some steps you can take to minimize money problems during what is already a stressful time.

• Beware of using money or charge cards as a marital weapon - if accounts are jointly held, you may end up paying the killer bill.
  
  
• Save for moving expenses and legal fees as they may be hefty.
  
  
• Pay utilities on time - especially if they are in your name. If you have to move and resume service, you may be asked to pay security deposits if you have not been a good paying customer in the past. The same goes for rent and mortgage payments. Many landlords request credit bureau reports, and if the payment history is poor, they may refuse to rent to you.
  
  
• Do not take out any new joint loans with your spouse. If your spouse doesn't pay, you will have to pay the entire loan.
  
  
• Write the credit card companies and send a certified letter requesting a new credit card in your name only. According to the Equal Credit Opportunity Act, they must grant you a credit card equal to the current card's credit limit. Have you applied yet for Coastal's ∞ Infinity Visa Credit Card? Our Infinity Visa offers rates as low as 5.99% APR* Fixed! Learn more!
  
  
• Protect your divorce judgment. If the divorce papers stipulate your spouse is responsible for the debts, unless you take legal action to remove your name from the original contract, the creditor may still pursue you in court.
  
  
• Base all new bills and living arrangements on what you can reasonably afford on your own. Don't depend on child support or alimony when making future income considerations.
  
  
• Save what you can. Coastal offeres several short-term Certificate accounts with competitive rates.
  
  
• Read and understand any financial documents BEFORE you sign. Make sure your attorney of financial advisor explains all the consequences of a decision, including any penalties for early withdrawals and income tax complications.

If you're having trouble paying your bills, you can take advantage of the Accel program, a free financial education and counseling program of Coastal. Accel counselors are available Monday through Thursday 8 a.m. to 10 p.m. (EST), Friday 8 a.m. to 7 p.m. and Saturday from 9 a.m. to 1 p.m. To use this new service, simply call 1-877-33ACCEL (332-2235) or visit them on the web at www.accelservices.org. »

*APR=Annual Percentage Rate.