Lenders, landlords and even some employers look closely at your credit history before deciding whether to enter a relationship with you — so why would a potential dating partner feel any differently? How you handle your money says a lot about you: how dependable you are, and how organized. When The New York Times interviewed more than 50 daters under 40 from around the country, they found that many of them regarded a good credit score as a prerequisite for a good date. And according to a survey by MyFico. It might even rank up there with personal values, or physical health. As the NY Times reported:. For those being honest with themselves about their true desired qualities in a partnership…. There are even online dating sites dedicated to matching up like-minded, creditworthy people. As reported on ABCnews.
Finding someone you like enough to share your life with is hard enough—mix in the fraught concept of money, and it gets even harder. Studies have shown that money is the leading cause of discord within romantic relationships. So when it comes to dating dealbreakers, just how bad is bad credit? On the flip side, if your credit is poor, is that enough to doom you to the single life forever?
We’ve all dated losers in our lives. However, everyone has a breaking point or limit to the type of loser to date. Is dating a credit score loser such a bad thing.
For the latest business news and markets data, please visit CNN Business. For many singles, bad credit can be a deal breaker when it comes to finding love. Most respondents also said money management skills are just as important as looks when deciding whether someone is worth pursuing. This is especially true for women, with nearly all female respondents ranking financial responsibility and financial compatibility as more important or just as important as career ambition, physical attraction and sex and intimacy, the survey found.
Male respondents said financial savvy is just as important as physical attraction, slightly less important than sex and intimacy and much more important than career ambition. Related: Do you only date people with perfect credit? Share your story. Credit scores are calculated based on your payment history, amount owed, the types of credit you have and the number of years that credit has been available to you.
Linda Basloe, a year-old from Herkimer, N. Why such concern over this magic number? Respondents said they worry that a partner with bad credit could hurt their prospects for qualifying for home loans, auto loans or lower interest rates and they’d be irresponsible about handling joint finances. Basloe said she has worked hard to achieve financial independence and doesn’t want a relationship with someone financially irresponsible to ruin that.
Related: Fix costly credit report errors. But no matter how important it may be, it can be an awkward topic to broach.
Dating a Credit Score Loser: Do Credit Scores Matter in Matters of Love
You already know that credit scores hold the key to unlocking better interest rates for borrowers, lower premiums from insurance companies and even job offers from many employers. Most credit rating lenders now offer you your real FICO credit score for free. But have you ever wondered exactly what info goes into your score? Keep a low credit boyfriend rating.
“When it comes to dating, a good credit score ups your mate value, helping you win a responsible, long-term partner, more so than some other.
Due to economic uncertainty, singles want to know your number and they are not referring to a telephone. Credit score dating is not only about match making, more importantly, there is a huge emphasis on financial responsibility. The question is Surprisingly, a good credit score can indicate whether or not someone is responsible and mature enough to handle a relationship. Unfortunately, we all experience setbacks in life.
However, bad credit is never a deal breaker. With proper discipline, credit can be managed and improved. Is good credit sexy? Sure, it can be the determining factor to purchasing your dream home or that fancy sports car. Financial stability can be just as important as career ambitions. Money management skills are definitely an attractive quality in a lifetime partner.
We all have filters when it comes to dating, so why not consider the importance of credit scores? Enter your mobile number or email address below and we’ll send you a link to download the free Kindle App.
Credit Score: The New Dating Litmus?
First comes love, then comes marriage — but where do credit and finances fit in? From the first few dates up to the exchange of rings and vows and beyond, your financial picture is a part of who you are, and the kind of life you can offer others a role in. As a relationship progresses, finances start to become more of the discussion. Learn when more and more couples are starting to talk dollars, cents and credit. The language of love isn’t exclusively about finances, but finances do play an increasingly important role in how your future can look.
“Someone with a low credit score could still be responsible with money and pay all the bills on time, but may just have some unexpected medical.
Read more: 8 ways to avoid surprise wedding costs. You already know that credit scores hold the key to unlocking better interest rates for borrowers, lower premiums from insurance companies and even job offers from many employers. Most credit card lenders now offer you your real FICO credit score for free. But have you ever wondered exactly what info goes into your score? Keep a low credit utilization rate. Doing so only reduces your available credit.
Make sure different types of credit make up your credit mix. But avoid store cards at all costs! Loosen up! And Lane has learned to be thriftier. That means you have one central household account that each person funds every pay period or every month to pay basic household expenses. Then you also each have your own money to spend how you wish on everyday stuff.
Should I Ask Someone For Their Credit Score Before Getting Into A Serious Relationship?
This article is from the archive of our partner. Ah, love in the early aughts, a time when you might meet a super girl or guy, fall in love, and then find out that person has a subpar credit score and have to dump them. In order to prevent that sort of emotional bellyflopping, you should just ask first, right?
Your Credit Score Could Make or Break Your Love Life. Or so it seems from a new survey placing those three digits above looks, ambition.
A good credit score can help you get the best rates when you want to borrow money but can also affect other things like applying to rent an apartment, landing your first job out of school and even who you date. Yes, you read that correctly. Now more than ever people are listing a high credit score as one of their criteria for a partner. Having a good credit score says a lot about you. Making money is one thing but choosing to use your money wisely is another.
Just like a relationship, your credit needs attention and care. Feeling secure and confident in your finances can translate in to every part of your life. Whether it is finding a future partner or for your over all personal well being. Online Banking.
5 Financial Red Flags Your Partner Doesn’t Want You to Notice
By Christian Gollayan. Paillant, who attends graduate school in Miami, asks potential suitors their credit scores by the fourth date. I need a man who can take care of himself, too. Millennials, who came of age during the recession and carry astronomical student debt, are bucking the tradition of staying mum on money and prioritizing it when looking for a mate. And for good reason: A study from the Federal Reserve Board found that couples with high credit scores — above — are more likely to stay together; couples with lower-than-average numbers below are up to three times more likely to separate than those with average scores.
Learn more about how we make money. Related Topics: Credit score credit scores date dating first date love money mistakes relationship.
Salary, height, the size of your, um, shoe. Of all the personal stats relevant in dating relationships, a credit score never crossed my mind. That is, until a Discover ad interrupted my OkCupiding recently to inform me that 50 percent of people prefer good credit to good looks. But are we really all holding out for a holy Trans Union? Just waiting to be Equi-fixed up? Then I started swiping and readied myself for the marriage proposals to roll in.
Should Bad Credit be a Dating Dealbreaker?
Register or Login. I dont know if credit score necessarily has the rating at hand, but I think you often find that successful couples have bad viewpoints towards rating. I can see why this has blowing up. I also paid off all of it on my own without asking her for dating. Good article Eric. I never thought that people in debt are inherently bad people, they usually just made uninformed or bad decisions.
Credit Scores and Reports Advertiser Disclosure. Your astrological sign? The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. On her second date with a man she met through an online dating service, Lauren was surprised when he revealed his credit score over dinner. Like Lauren, a growing number of singles are swapping details about their credit scores at the beginning of a relationship, filtering by FICO to find Mr.
In addition to qualifying for lower rates on loans and more access to credit, a mate with a low credit score may spell trouble in a relationship. In a survey conducted by myFICO. The idea that credit scores are an indicator of how well someone handles commitment and honors agreements led to the creation of the online dating site CreditScoreDating.