Love more important than money
Monday, 13 February 2006 12:00
Nine out of ten Britons would not think about ending a relationship if they discovered their partner was hiding large debts from them.
A new study from credit experts MyCallcredit reveals that, rather than split up, close to eight out of ten UK residents would forgive their other half and help them sort it out.
But this is unlikely to become a problem for Briton's lovers in the run-up to Valentine's Day, with close to two people in three sharing the innermost details of their bank balances with their partner and eight out of nine totally honest about their financial situation.
"People can easily get carried away when they're in a relationship and not worry about their partner's financial habits. Thankfully, our research proves that in the vast majority of cases partners can trust each other when it comes to money," said MyCallcredit director Alison Nicholson.
"The problem comes with the small minority who aren't entirely open and honest and this can have a huge impact on their partners. If you have any joint financial commitments with a person you're financially associated with their behaviour and it will have an impact on your creditworthiness.
"Even if you subsequently split up their finances could affect you for up to six years so we'd recommend people take care when they're entering into joint financial arrangements."
To switch to a cheap UK mortgage, go to www.myfinances.co.uk/mortgages.htm
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