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Would you dump your Valentine because of debt?

In a recent survey, some people said they'd call it quits in the relationship if their partner had too much debt.

By MSN Money Partner Feb 14, 2014 1:06PM

This post comes from Krystal Steinmetz at partner site Money Talks News.


Money Talks News on MSN MoneyLove doesn't always come out on top, at least not when debt is involved.


A new poll by the National Foundation for Credit Counseling indicates that a majority of people would have serious reservations about walking down the aisle if their partner was deeply in debt, and some would even go as far as to end a relationship.


Heart-shaped 'love' cookie broken in half © Ingram Publishing/SuperStockThe NFCC survey question and results are as follows:


If the person I loved had a large amount of debt, I would:

  • Not marry until the debt was paid -- 37 percent.
  • Marry and pay it off together -- 46 percent.
  • Marry, but not help pay the debt -- 10 percent.
  • End the relationship -- 7 percent.

Said Joe Stokes, CEO for Consumer Credit Counseling Service:

When considering the negative ramifications of debt, people may not realize that the associated problems can go beyond credit scores and interest rates. Debt can also have serious, long-lasting personal implications. It appears that debt overrides love, at least temporarily, when deciding to move forward in a relationship. It's money over marriage.

It's important to note that credit reports and scores are for individuals. Even if you marry, your credit remains separate. Of course, if you plan on jointly applying for credit, one person's low credit score could negatively impact your approval and interest rate.


Would you be willing to walk down the aisle if your partner was strapped with debt?


More on Money Talks News:

6Comments
Feb 16, 2014 10:54AM
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I don't date, but I would absolutely dump someone over debt...not because I want their money, but because there's no way in Hell I'm giving them mine or having "their ways" affect my life and choices.
Feb 14, 2014 2:35PM
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Rah Rah Rah, Go Obama Go! Rah Rah Rah, Go Obama Go!

 

MSN, you suck as Journalists, Joseph Goebbels, however, would be proud of you!

Feb 17, 2014 12:13PM
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Look folks....if you were a business (which you are), would you merge with a solvent, historically successful company or a debt- ridden, book- cooking entity.

If your anticipated partner is broke.......RUN!.....NOW!!

Feb 15, 2014 6:56AM
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If a lover would leave you because of debt, they weren't worth your time anyway.  They were probably just interested in you for money.
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