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Surviving a relation is never easy. And to make one a success, is nothing short of a miracle in today’s day and age. Many of you out there may not agree with my statement. However, with more constrains of time in our hands courtesy a hectic lifestyle, the first casualty of war is inadvertently the man-woman relationship. And to top it all, poor money management can further strains the ties of an already tense situation.
Recent figures from a leading financial provider point out that more than 15 per cent couples having current joint accounts have disagreement regarding the use of the available resources. And to top it all, more than 20 per cent of them secretly spend money from their joint account without telling their partners. If a gender divide is to be initiated, then 26 per cent men and 23 per cent women suspect their joint account partners of unnecessary spending.
That’s not all; recent study was carried out by the National Savings and Investment Organisation regarding the personal finance plans of UK couples. The final report placed the figures at a dismal 11 per cent. Money, it seems plays a big spoilsport in the happily ever after ending of many couples. Relationship gurus have gone hoarse stressing the need of honesty in a relationship. Well, a bit of honesty is needed even in money matters.
For starters, if you are planning to take a personal loan, do have a common consensus about it. Partners may be asked to be co-signatories in the loan agreement. As the money will be deducted from the joint account, it’s only fair that your partner has an idea about where the money is going. Even lenders will want things to be fair and clear because at the end of the day they want their money back. In case the couple decide to split, lenders don’t want to bear the brunt of a couple’s dispute.
To avoid further complications, first decide whether you need to take a personal loan or not because you may have to budget your spending. It also depends what kind of credit you are contemplating. Your financial history and your personal requirements will be the chief criteria on which you can decide on the loan type. But whatever, be the case, always take the loans from FSA approved providers. This way you can approach the credit bureau or other Government organisation in case any problem crop ups.
If you and your partner are homeowners, then you can go in for a secured personal loan. However, only borrow as much as you can repay back. Don’t borrow more than you need otherwise the trip to the county court is not far. If you are a tenant, then also you can apply for unsecured credit. With so many lenders in the fray, it is possible to get a loan for almost every circumstance. So, even if you have a bad credit history, you can still apply for and most importantly get a personal loans. ?
Taking a loan should be an act of mature deliberation between the couple. Not only a loan, any money matter should be discussed by the couple before taking any rash step.
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Personal loan: How personal is it?
Surviving a relation is never easy. And to make one a success, is nothing short of a miracle in today’s day and age. Many of you out there may not agree with my statement. However, with more constrains of time in our hands courtesy a hectic lifestyle, the first casualty of war is inadvertently the man-woman relationship. And to top it all, poor money management can further strains the ties of an already tense situation.
Recent figures from a leading financial provider point out that more than 15 per cent couples having current joint accounts have disagreement regarding the use of the available resources. And to top it all, more than 20 per cent of them secretly spend money from their joint account without telling their partners. If a gender divide is to be initiated, then 26 per cent men and 23 per cent women suspect their joint account partners of unnecessary spending.
That’s not all; recent study was carried out by the National Savings and Investment Organisation regarding the personal finance plans of UK couples. The final report placed the figures at a dismal 11 per cent. Money, it seems plays a big spoilsport in the happily ever after ending of many couples. Relationship gurus have gone hoarse stressing the need of honesty in a relationship. Well, a bit of honesty is needed even in money matters.
For starters, if you are planning to take a personal loan, do have a common consensus about it. Partners may be asked to be co-signatories in the loan agreement. As the money will be deducted from the joint account, it’s only fair that your partner has an idea about where the money is going. Even lenders will want things to be fair and clear because at the end of the day they want their money back. In case the couple decide to split, lenders don’t want to bear the brunt of a couple’s dispute.
To avoid further complications, first decide whether you need to take a personal loan or not because you may have to budget your spending. It also depends what kind of credit you are contemplating. Your financial history and your personal requirements will be the chief criteria on which you can decide on the loan type. But whatever, be the case, always take the loans from FSA approved providers. This way you can approach the credit bureau or other Government organisation in case any problem crop ups.
If you and your partner are homeowners, then you can go in for a secured personal loan. However, only borrow as much as you can repay back. Don’t borrow more than you need otherwise the trip to the county court is not far. If you are a tenant, then also you can apply for unsecured credit. With so many lenders in the fray, it is possible to get a loan for almost every circumstance. So, even if you have a bad credit history, you can still apply for and most importantly get a personal loans. ?
Taking a loan should be an act of mature deliberation between the couple. Not only a loan, any money matter should be discussed by the couple before taking any rash step.
Other Related Articles:-
- Personal loans - A summation of unsecured loans
- Meet all you financial demands with unsecured personal loan
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