New York, NY (PRWEB) October 29, 2013
The Huffington Post published an article entitled “Secret Credit Card Spending And Divorce Linked In New Survey” (October 14, 2013) that reports a statistical connection between credit card spending and divorce. In light of the findings of the survey FinanceAcceleration.com warns couples that in addition to increasing the probability of divorce, such credit card use will likely lead to a bad credit score which impacts the financial future of both individuals.
An October 15th article, “Confessions of Credit Card User,” (Published by MoneySupermarket.com) reported that one in ten couples that went through divorce cited secret credit card spending as a major impetus for the decision. The study also found that the spending was not always on lavish purchases such as designer clothing or jewelry. In the majority of cases, the credit card spending was more often used on basic purchases such as food, gas and monthly utilities.
Using credit cards behind a spouse’s back causes trouble in the marriage, but also causes financial troubles due to irresponsible money management. FinanceAcceleration.com reminds couples that in addition to the probability of divorce, the credit score of both individuals will likely suffer as well. A bad credit score often follows secretive and excessive credit card spending which leads to financial hardship and the inability to secure a personal loan in the future.
For those who have been impacted a spouse with secretive credit card spending habits, FinanceAcceleration.com recommends this video about obtaining a bad credit loan. FinanceAcceleration.com believes that loans can help people secure financial stability immediately following a divorce.
As shown by The Huffington Post’s article, secretive credit card spending has been linked to divorce based on recent findings by a new survey. In addition to divorce, FinanceAccleration.com warns couples that such types of irresponsible credit card use leads to a bad credit score as well.
FinanceAcceleration.com is an online resource that provides financial insights for all people, in particular young couples, looking to develop responsible spending habits and financial stability.