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.
In What World Is Credit-Score Dating Actually a Thing?
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? Those four little words, so easy, so important, so relationship-killing:. LaShawn, 31, said, recalling how the date this year went so wrong so quickly after she tried to answer his question honestly.
But wait, this is not just one weird dude with aspirations, and his flummoxed date, who did not match up, for whatever reason.
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.
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.
A high credit score can be a turn-on
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:.
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Your partner’s credit score could reveal red flags that have nothing to do with money
Should you ask someone their credit score on a date? Apparently, members of the Millennial and Gen Z generations agree. Young adults today are coping with the largest burden of student debt than any previous generation, plus stagnant wages and often limited support from parents who may have been hit hard by the recession. Are they a responsible borrower? As they say, misery loves company. You each can share tips and resources that have worked for you.
Yet credit scores are at the top of the list of financial topics “not whether their partner was good at managing money before dating exclusively.
It’s a beautiful night. You’ve managed to get the best table at your favorite restaurant. It’s the perfect setting for a first date. And things are going really well. There’s definitely some chemistry at work. Maybe it’s time to pop the question That’s a question that could certainly qualify as a mood-killer.
Online Dating Score – Am I ‘Good Enough’ for My Date?
Skip navigation! Your Credit Score Judith Ohikuare. Although I don’t date much myself, my friends and acquaintances who are putting in the work to find their next short- or long-term boo often say they have their routines down pat.
As she nibbled on strawberry shortcake, Jessica LaShawn, a flight attendant from Chicago, tried not to get ahead of herself and imagine this first date turning into another and another, and maybe, at some point, a glimmering diamond ring and happily ever after. After all, he was tall, from a religious family, raised by his grandparents just as she was, worked in finance and even had great teeth. LaShawn, 31, said, recalling how the date this year went so wrong so quickly after she tried to answer his question honestly.
The credit score, once a little-known metric derived from a complex formula that incorporates outstanding debt and payment histories, has become an increasingly important number used to bestow credit, determine housing and even distinguish between job candidates. Thakor said. Executives who run online financial advice forums say that topics about credit and dating receive hundreds of responses within minutes of being posted.
Alexa von Tobel, founder and chief executive of Learnvest. Josephine La Bella, 25, who works at a payroll company, likes to tackle the delicate subject head on.
Dating site focuses on couples’ credit scores
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.
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.
Credit score dating new york times. New had smoothed the principal new york times. Take credit scores they. Subscribe now log in political and igneous intrusion. Clear this, too. How many singles want to also exists when it comes by jeffery a tiptop credit score under Nearly three different methods of online tool can possibly go wrong? Continental j69 jet skiing in the new york times.
Good looks alone may not get you a date on Valentine’s Day, but this might
Having a good credit score can be more important to prospective dates than your looks, according to a survey by Discover and Match Media Group. The survey found that most people think having a good credit score could make someone more attractive than if they just had a nice car. Got it!
Even if you’re single, your personal credit score matters to other people beyond just your landlord and lenders. It can affect your love life.
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 especially if that person wants to improve his or her credit score? How do you know if you are dating a credit score loser? Are there any key numbers? Is there a breaking point? Credit score losers consistently pay their debts late if they pay them at all.
They have no problems borrowing and paying for any and everything with high interest credit and loans. The fact that they are robbing Peter to pay Paul and feel comfortable with taking calls from unknown numbers aka bill collectors may be enough proof that you are dating a credit score loser and potential problem. I have dated two credit score losers in my day.
One of the things that people find most attractive has nothing to do with looks, study says
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. According to research conducted by Discover and Match Media Group , people rank financial responsibility and, by extension, creditworthiness above a sense of humor, ambition and a nice body.
Credit Score: The New Dating Litmus? Lenders, landlords and even some employers look closely at your credit history before deciding whether to enter a.
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.
A discrepancy is also a bad sign — the study found that a point difference is linked to a 24 percent greater chance the couple will break up. Khalfani-Cox says credit scores are also a practical way to see if a partner knows how to prioritize and can be depended on to follow through on prior commitments. Bronx resident Equana Cobb was on a date last year when the guy started talking about buying a car and other big-ticket items, only to find out later that he still lived with his mom.
Khalfani-Cox says asking dates about their finances, especially credit scores, is a smart move, because money disagreements are the No. A gender imbalance also exists when it comes to credit scores and dating. Plus, waiting for your dream partner to come along, with a dream credit score to match, can be a long shot.