Many would hide financial issues from spouses

A new survey finds many people facing financial difficulties wouldn't mention those problems to their spouses.

The online poll, conducted by the National Foundation for Credit Counseling, found that 24 percent of people would not tell their spouse about financial issues.

In terms of reasoning, 7 percent said they would hide those issues to avoid damaging their relationship, while another 9 percent said knowing about the financial issues would cause their spouses to worry. Eight percent of respondents said they would hold back because their partner didn't know about any debt.

"Even if well-intentioned, withholding financial information from a spouse is not a sign of a healthy relationship, either emotional or financial," said Gail Cunningham, spokesperson for the NFCC. "It is encouraging that the majority, 76 percent, would share the information with their spouse so that they could work together to resolve the situation."

While each member of a relationship has a completely separate credit history which won't be affected by their partner's past actions, questionable marks negatively affecting one partner's report could be an issue for couples applying for a joint account, such as a mortgage. Couples may want to review their credit histories before obtaining such a loan.