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Experian advises couples to be honest about their finances this St Valentines Day
Nottingham, UK, 12 February 2008 - Experian, the global information services company and a leading UK credit reference agency, is advising couples to avoid arguments during the romantic St Valentine’s season by being open and honest with each other about their finances.
Figures from Relate show that money is a major cause of arguments for couples so, to help, Experian has produced two guides about credit and relationships. These explain the implications of living together and what to do if a relationship breaks down, and aim to help people understand when and how their finances can become linked and what this means.
James Jones, Experian’s Consumer Education Manager, explains: “For many couples, St Valentine’s Day is the catalyst for a major relationship change, including engagement, marriage, civil partnership, moving in together, and sometimes breaking up.
“Cohabiting couples often apply for credit together and, in doing so, link up their credit histories, so it’s important that people understand what this means, the effect it has and what they need to do to safeguard their financial futures. Many people find it difficult to talk about money, but avoiding the issue is a sure-fire way of storing up trouble for the future.”
Catherine Allen of Relate, the relationship people, agreed: "We know that money is a top cause of arguments between couples and, because healthy relationships and healthy finances are so closely linked, being honest and open about money and credit is essential.”
Experian offers the following advice to couples this St Valentine’s Day;
Experian’s two free Credit Crossroads guides - Living together and Relationship Breakdown – can be found at http://www.experian.co.uk/learningzone. These are part of a series of free guides Experian produces to give helpful advice to consumers about how credit reports are produced and used and when they affect people’s lives.
People can check their credit report for free for 30 days by signing up for a free trial of Experian’s online credit report monitoring service CreditExpert. Visit www.creditexpert.co.uk for further details.
For more information please contact:
James Jones, Consumer Affairs Manager, Experian
Tel: 0115 976 8525; Mob: 07967 567267
The word 'Experian' is a registered trademark in the EU and other countries and is owned by Experian Ltd and/or its associated companies.