Questions To Ask Your Betrothed About Money
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Questions To Ask Your Betrothed About Money Before You Tie The Knot!

RELEASE: March 2002
CONTACT: Paul S. Richard, ICFE Executive Director

San Diego, CA. "Till Debt Do Us Part" seems to have replaced "Till Death Do Us Part" in the traditional wedding vows. There are now fewer first time marriages than those who are going at it a second time around. About fifty percent of domestic meltdowns are rooted in the family's finances, often because of some hidden problems with credit and or debt, a repossession or bankruptcy were never disclosed before marriage.

Most of the inquiries about a spouse's (or former spouse's) money and credit problems are from women who are getting the bad news too late, who explain they want to buy a home. They have run into a previously unknown poor credit history or, their own, once good, credit was ruined because of a former spouse by an unfair divorce agreement.

There are questions that should be asked about finances by each party that are about to begin sharing a life together," says Paul S. Richard, executive director for the nonprofit Institute of Consumer Financial Education (ICFE) based in San Diego, CA.

"It is more important than ever before to ask financial questions of others in your business and love life." Talking about money and credit issues before the legalities of a marriage or other legal financial union, will save many hurts and disappointments later-on, before it is too late to do anything about it," Richard noted. There are many questions to ask of a potential life mate or partner about finances including:


spending and savings habits,


credit history,


car loans,


family loans,




student loans,


insurance coverage,


estate planning and investing.

The answers should help you determine your measure of comfort with them as a future financial partner.

For consumers desiring additional help, the ICFE publishes the "Do-It-Yourself Credit File Correction Guide" in English and Spanish.   Included in the Guide are step-by-step instructions on the credit repair process, an explanation of consumer credit rights, and sample letters to use when communicating with the various credit reporting agencies about credit file questions and mistakes.

The "Do-It-Yourself Credit File Correction Guide," in both English and Spanish, is available for $10 each plus $2 postage. The Los Angeles Times Book Review calls the ICFE Guides "user friendly."

Send $12 to: ICFE U.S.
PO Box 34070
San Diego, CA 92163-4070.
Or please call 619-239-1401 or visit the ICFE's Web site at: and order securely on line. ($2 postage is for book rate mail, add $2 extra ($4 total postage/handling for 1st Class Mail or Priority Mail).

About the ICFE:

The Institute of Consumer Financial Education (ICFE), founded in 1982 by the late Loren Dunton - creator of the "certified financial planner” (CFP) designation - is dedicated to helping consumers of all ages to improve their spending, increase savings and use credit more wisely. The years between 1984 and 2000, the ICFE was also known as the National Center for Financial Education (NCFE).

The ICFE is a nonprofit consumer education organization that has helped millions of people through its education programs and Resources. Over one million "Credit / Debit Card Warning Labels” and "Credit / Debit Card Sleeves” are in circulation world wide.

The ICFE's on-line help for consumers who spend too much was featured in PARADE Magazine (June 9th, 2002) in the Intelligence Report section. The money helps and tips are from the "Money Instruction Book," a course in personal finance, which was completely revised and updated in 2002 and is positioned to become among the premier programs in the new bankruptcy and debtor education initiatives.

The ICFE's "Do-It-Yourself Credit File Correction Guide," now in its Twelfth Printing, is in use by thousands of consumer credit and debt counselors in addition to tens of thousands of consumers. It received a "buy” rating in July, August and November from nationally syndicated financial columnist, Humberto Cruz in his column, "The Savings Game". BottomLine Personal newsletter gave the Guide a "Send For” rating in September 2001. The ICFE and our do-it-yourself approach to credit file correction was featured on NBC Nightly News on 04-30-02. The Spanish edition of the Guide premiered in January 2002. Syndicated columnist, Robert Heady also gave the ICFE Guide a "buy” rating.

The ICFE Web site at: helps consumers with mending spending, learn about the proper use of credit, budget and expense guidelines, how to set up and implement a spending-plan and also access financial education courses and videos and how to teach children about money. Other ICFE services include a free eNews, and an on-line resource center of financial education learning tools, including videos, books and personal finance courses.

Consumers may learn more on the Internet about the "Do-It-Yourself Credit File Correction Guide" here, or fill out our request form, indicating your areas of interest.

For more information contact Paul S. Richard ICFE Executive Director at 619-239-1401.

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