Monday, February 15, 2010

Women get left with the debts

Women are most often the victims of relationship debt, or sexually transmitted debt, which are the names given to debts that are left over after a relationship breaks down.

Most partnership debt is initially racked up by the man in a relationship according to a new study by credit reference service Veda Advantage.

Relationship debt is also a problem in families and between friends. The consumer law action centre recommends getting independent advice before committing to a joint loan or providing security for someone else’s loan.