*Bad Credit Is Costing You a Lot More Than You Might Think* 6/6 -A Marriage- Finances may be among the least attractive part of a relationship, but they are among of the most important. It has been proven that having a bad credit score can lead to divorce. A study released in August 2013 by Federal Reserve Board staff call Household Formation, Credit, and Trustworthiness concluded that credit scores are not only highly influential when starting a relationship, but also very predictive of whether or not their household will eventually end up in divorce. The study, among other things, suggests that there is a strong correlation between the difference in credit scores among partners and their likelihood of divorce. In other words: the closer their scores, the less likelihood of divorce. Similar credit scores means similar attitudes toward managing credit and debt.
Posted on: Wed, 22 Jan 2014 17:14:46 +0000