In addition to being financially destructive, credit card debt is hard on love life, according to a recent study by creditcard.com.
Women, in particular, are quicker to cut off a relationship over financial issues than men. If finances had been lied about, 70 percent of women said they would break up. Interestingly, that’s the same percentage of women who would stop a relationship with someone who had a criminal history.
If lying is not involved, 55 percent of women would call it off if the person was heavy in debt. The same issue would only cause 37 percent of men to end a relationship.
“We find that today's consumer is more aware than ever that good credit and high bureau scores are essential for successful family life,” said David Jones, president of the Association of Independent Consumer Credit Counseling Agencies. “I am not at all surprised that someone might consider credit issues when deciding whether to enter a relationship. That is in line with current consumer behaviors.”
Financial matters are the No. 1 reason for divorce, child and spouse abuse, stress, addictions and low job productivity, Jones said.