Risk Factor For Divorce - A Low Credit Score |
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One of the monumental tasks I had to face after my financially devastating divorce was repairing and improving my credit score. Not that it was a number any one would have been proud of before the divorce, but it did manage to occasionally qualify us for things we definitely couldn't live without, like a 72" plasma television at 29% interest and a new hunting dog.
When you apply for credit and you are sitting there with your fingers crossed, hoping for a positive outcome, your credit score is not where it needs to be. I'm sure most folks probably realize this. What they may not be aware of however, is a low credit score is a huge risk factor for divorce.
In fact, it's probably one of the more reliable predictors of
divorce available and one that I use regularly in my family counseling
practice.
Most are taken aback when I ask them for their credit score and thank
it has something to do with their ability to pay for my services. When
I explain to them that it is a consideration I must make in evaluating
and developing an effective strategy to try and save their marriage,
most just sit there scratching their head.
Here's the thing about trying to help people. A lot of them will
actually own up to the poor choices they have made throughout their
marriage but will turn around and not tell the truth about their
financial situation.
I would imagine this to be a pride thing, but financial difficulty is
directly responsible for at least half of all failed marriages and I
need to know where I stand in order to develop a plan to help these
well meaning, financially strapped liars.
A credit report paints a pretty clear picture as to what is going on in
a marriage and I can't understand why other counselors do not use it.
Oh yeah, most counselors think they know everything!
Credit reports do not lie and credit scores are accurate indicators of the overall health of a marriage...It's a simple as that.
Yes, yes, yes there a lot of miserable rich folks out there with
wonderful credit and a lousy marriage. I'm telling you that financial
difficulty is responsible for half of all failed marriages, not the
whole lot. It's just one of the factors that I take into consideration.
Now, if I find that these good folks have a poor credit score, we
immediately lay out a plan to improve upon it. NOT so they can get
into further debt but so they can get a lower interest consolidation
loan and began to eat things other than peanut butter and jelly
sandwiches again.
I would urge anyone with a questionable credit score to do the same.
Unfortunately, I can do little to increase a couple's income other than
waive my counseling fee...uhh, did I just say that out loud?
Good, I didn't think so. Anyway, as I was saying, little can be done
to increase a client's income, but we can certainly get control of
spending. The higher your credit score, the better interest rate you
can get on consolidation loans and mortgage refinance, and thus a
recognized decrease in spending is achieved and there's more money for
everyone.
My unorthodox methods of counseling, including asking for people's
credit scores, are what make me so successful as a marriage counselor.
Another unique aspect of my counseling is the fact that I base it on
biblical truths and principles. The U.S. government frowns on the
religion this country was founded upon and would never support such a
concept, so I'm seen as a bit of a snake oil salesman, but lucky for
me, the government cannot regulate me and I can actually help people
unlike other licensed therapist with their arms tied behind their backs
by bureaucratic red tap.
If you are in a troubled marriage and want to do something that can
have a positive and lasting impact, improve your credit score. You can
download my 66 page credit repair book absolutely free at my website.
This is the same book countless couples, as well as myself, used to
improve their credit score and their marriages.By [http://ezinearticles.com/?expert=Myla_Madson ]Myla Madson
Get your complimentary copy of Myla Madson's Complete Guide to Improving Your Credit Score at http://www.MylaMadson.com/creditscore
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