Don't Let Cupid's Arrow Hit Your Pocket - Family Credit Counseling Survey Shows Nearly One-Third of Consumers Continue to Pay for Debts of Past Relationships.CHICAGO -- Valentine's Day Valentine's Day: see Saint Valentine's Day. Valentine's Day Lovers' holiday celebrated on February 14, the feast day of St. Valentine, one of two 3rd-century Roman martyrs of the same name. St. . It's the holiday of luxury: fine chocolates, upscale restaurants, fine jewelry jewelry, personal adornments worn for ornament or utility, to show rank or wealth, or to follow superstitious custom or fashion. The most universal forms of jewelry are the necklace, bracelet, ring, pin, and earring. , or maybe even a romantic weekend getaway. Your love deserves nothing but the best. A diamond may be forever, but what about the relationship? Or the debt caused by the relationship? A recent survey conducted by Family Credit Counseling Credit counseling (known in the United Kingdom as debt counselling) is a process offering education to consumers about how to avoid incurring debts that cannot be repaid. This process is actually more debt counseling than a function of credit education. Service (FCCS FCCS Fundamental Critical Care Support FCCS Federal Claims Collection Standards FCCS Florida Community College System FCCS Fusion Call Control Signaling FCCS Florida Commission on Community Service FCCS Family Credit Counseling Service ) found that 29% of consumers have incurred debt from a relationship and continued to pay for it after the relationship ended. FCCS has provided these suggestions to keep you from paying long after the romance has fizzled: * Put an emphasis on sentimental gifts. Visit the location where you first met or the restaurant where you had your first date. * Use caution when financing purchases. Be sure to read the fine print; jewelry and department stores This is a list of department stores. In the case of department store groups the location of the flagship store is given. This list does not include large specialist stores, which sometimes resemble department stores. credit cards historically carry high interest rates. If no interest is being charged, ask what will happen if the purchase is not paid within the specified payment period or if a payment is missed. * Budget for gifts year round. Birthdays, anniversaries, and Christmas are also times for big ticket gifts. "There are times when a generous gift is appropriate. If you decide to make this an extra special Valentine's Day, have a plan ahead of time," says Michael McAuliffe Michael McAuliffe (born in Queensland, Australia) was a barman from Sydney who was hanged in Malaysia in June 1993 after serving eight years in jail for heroin trafficking. , president of FCCS. "Romance is emotional but your finances should not be. Think about your purchase and make sure you have a plan to pay it off within a reasonable amount of time. Ideally, that will be when the bill arrives." For general money management tips or a copy of our financial survey, contact a certified credit counselor at 800-994-3328. About Family Credit Counseling Service - FCCS is an ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. registered, non-profit agency providing solutions for those seeking financial assistance. FCCS is one of the largest consumer credit counseling agencies, is licensed in over a dozen states, and has been servicing consumers throughout the country for over ten years. FCCS' mission is to reduce the stress in consumer's lives through education, budget counseling and debt management. |
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