Debt and Divorce and how Preferrred Debt Solutions can Help!

Preferred Debt Solutions, Inc., which provides debt settlement services to help struggling families avoid bankruptcy, also provides credit repair, credit counseling, and a variety of other solutions tailored to the individual needs of the client.
 
July 29, 2009 - PRLog -- Debt and Divorce
At a time when our nation’s financial problems dominate the headlines, many of the consequences of money trouble may be lurking in the back of your mind.  One often-repeated saying goes something like this:  Money problems are the leading cause of marital stress and divorce.
More attention is being paid to all subjects related to financial distress as economic conditions worsen, and the link between financial and marital problems is no exception.  Divorce is a very expensive, time consuming legal process for all parties involved, and the emotional and psychological toll that can be inflicted is almost impossible to quantify.
While recent research – including that of Dr. Jan Andersen, a professor of Family and Consumer Sciences at California State University, Sacramento – suggests that the link between financial issues and divorce is not as solid as people may think, there is still ample anecdotal evidence to support the idea that money problems hinder marital relationships.  Most of us know a friend or family member who went through a messy divorce in which debt or financial troubles placed an undue strain on their marriage.
Current academic criticism of prior studies on this topic sheds more light on the situation.  For example, research from the post-WWII period showed “non-support”, or a husband not fulfilling his financial obligation to his wife and/or children, to be one of the most prevalent reasons for divorce.  What it does not say is that non-support was one of the few acceptable reasons for divorce at the time.  Other studies simply asked already-divorced individuals to name primary factors in the failure of their marriages, and money and incompatibility were high on the list.  While conflicting research may seem to reduce the correlation between finances and divorce, the fact remains that unhappy married couples are still blaming their marriage problems on their debt or financial troubles.  
“We serve many recently divorced clients who are trying to pick up the pieces in the aftermath,” said Christopher Livingston, president of Preferred Debt Solutions, Inc.  “What we would rather see is couples coming in and preventing the worst from coming,” he added.  He views the debt and money-related stress issues to be largely preventable.  There are many options to help hard-working people get back on track and fix their finances, including debt-relief services that can eliminate a substantial portion of debt and help the consumer to pay back the reduced amount in a relatively short period of time.   Marriage is a serious commitment with daily challenges and sacrifices, but couples can eliminate one of the most cited causes of divorce from the equation.
Preferred Debt Solutions, Inc., which provides debt settlement services to help struggling families avoid bankruptcy, also provides credit repair, credit counseling, and a variety of other solutions tailored to the individual needs of the client.
For more information on Preferred Debt Solutions and their consumer debt relief services or partnership programs, please visit www.pdsdebt.com or email questions or comments to info@pdsdebt.com .
877-674-3328
About Preferred Debt Solutions, Inc. – Preferred Debt Solutions (PDS) is a full service financial hardship management company offering consumer debt settlement, credit counseling, and credit repair services.  
PDS has an innovative approach to debt relief that combines local, personal customer service with industry-leading results, positioning our satisfied clients to face the challenges of the future head on.

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