Divorce often affects financial health negatively. It’s expensive – often causing nearly $20,000 in losses. A recent Experian survey found:
- 34% say their divorce put them in financial ruin.
- 19% percent say things were so bad they filed for bankruptcy.
- 39% report they’ll never marry again because of the financial loss of a divorce.
Lenders can provide support to loyal customers by providing personalized credit education and create a new revenue stream for your company.