Numerous Illinois residents have debt. In today’s economy, it can seem nearly impossible to avoid, but avoiding debt can benefit a person in a number of ways, and not just financially. According to a recent report, credit card debt is a big romantic turn-off. Yes, being in debt may prevent a person from entering into a healthy and lasting relationship.
It has been reported that 38 percent of adults will refuse to date a person who has a bad credit score or a significant amount of debt. A whopping 72 percent of adults would reconsider staying in a relationship with someone who has a large sum of unsettled debt. Credit card debt, in particular, is said to be a relationship deal-breaker.
According to the Federal Reserve Board, a couple is more likely to stay together if each party has a high credit score at the beginning of the relationship. This is a sign of financial compatibility. Having a high credit score is said to show a level of commitment that supposedly extends to all aspects of a person’s life — including how one will treat romantic relationships.
Illinois residents who are struggling financially can help their monetary and romantic situations by working to get out of debt as soon as possible. There are a number of ways one can address credit card debt. Legal counsel will have the ability to review the finer details of one’s economic state and help one pursue the debt relief option that will prove the most beneficial.