Loading...

Newlyweds and finances

Published: May 12, 2016 by Guest Contributor

According to a recent Experian survey, the majority of newlyweds say financial responsibility is a key quality in a spouse. Yet many neglect to discuss finances with their partner before marriage. Other factors unknown to newlyweds include:

  • Their spouse’s credit score (40%)
  • Their spouse’s annual income (25%)
  • Their spouse’s long-term financial goals (31%)
  • The amount of their spouse’s student loan debt (31%)

As newlyweds face a blending of finances for a promising tomorrow, lenders can help by providing personalized credit education to start building strong relationships with these potentially loyal, creditworthy customers.

Survey Results: Newlyweds and Credit

Related Posts

Through personalized financial experiences, financial institutions can engage their consumers while helping them grow their financial power.

Published: May 16, 2024 by Brian Funicelli

Know Your Customer (KYC) procedures are a requirement for banks and other financial institutions to collect and verify the...

Published: March 21, 2024 by Stefani Wendel

A move toward inclusive finance, including incorporating alternative data in credit scoring models, is a crucial step towards promoting financial inclusion.

Published: December 6, 2022 by Corliss Hill