LONDON, June 9, 2011 /PRNewswire/ --
- Brits Demand Partners Have Clean Bill of Wealth
Brits are demanding financial fidelity over marital monogamy, according to new research by Credit Confidential (https://www.creditconfidential.com/).
Over eight in 10 claim honesty about levels of debt is of most importance in a relationship. In fact cash candour is more important than honesty about infidelity (77 per cent), previous brushes with the law (71 per cent), personal income (67 per cent) and sexual history (61 per cent).
However, despite the desire for financial honesty from others, Brits are still reluctant to open up about their own personal finances. A quarter (24 per cent) admit they would be likely to hide a debt problem from a loved one, with women more likely to be economical with the truth than men.
This suspicion and fear of the financial histories of significant others, is borne out in telling findings, with a quarter (24 per cent) claiming they would ask a partner to perform a credit check ( https://www.creditconfidential.com/credit-rating) before entering a financial arrangement with them, such as a joint bank account.
Paul Lewis, Vice President of Credit Confidential, said:
"These surprising findings show how we as a nation are beginning to value the importance of a clean bill of wealth. Debt and personal credit histories are often taboo relationship topics, yet without such open conversations our financial footprints can follow us through life.
"Simply by being aware of your credit report ( https://www.creditconfidential.com/credit-report) and credit rating, consumers can ensure they get the best deals around, as well as reassure loved ones."
Today's findings are supported by other recent studies which show that one in three British consumers are keeping the full scale of their financial debt from their family, while a quarter also admit to arguing more because of the recession.
SOURCE Credit Confidential