Your partner’s credit score could reveal red flags that have nothing to do with money

A post by Gigi J. She will be a regular blogger on this blog. Look for more posts from her soon. A few years ago, when one of my best friends was still engaged to her baby daddy, she called me in the middle of the night to ask me a very mind boggling question. If I knew then what I know now, I would not have even given him the time of day let alone my number. Time and time again, my friends and I have debated this subject with an intense ferocity of mixed emotions — mostly in vain. Because we are ALL guilty of giving it up to some fiscal loser and then regretting it later. A good looking guy who seems interested and eager to please? Just the other day, my friend hooked up with a guy that was great eye and arm candy but was an indictment waiting to happen.

Should You Share Your Credit Score on the First Date?

The short answer to that question is: No, it won’t. Your credit record will remain your credit record, and your new spouse’s credit record will remain theirs. Same for your credit scores. But the longer answer is more complicated because your spouse’s credit can affect your finances in a variety of other ways. Here are some of the basics you and your spouse both need to know. Your credit score is an assessment of your creditworthiness, based on the items in your credit report at one or more of the three major national credit bureaus.

The Cost Of Courting and Dating Someone With Bad Credit. Posted November 16th, by admin & filed under credit, guides, money. onlinedating If you have​.

I make my living flying around the world, talking to women about how to take control of their money so they can afford their dream life. But after six months of dating heaven, you discover a problem — his financial situation sucks. His checking account is constantly overdrawn, his five-figure credit card debt is accruing interest at an alarming rate, and his retirement account is a whopping zero dollars. I could see it being an issue if they were lazy and making no effort to earn money, yet expected financial help.

But I doubt an attitude like that would come without other serious character flaws. That kind of negligent attitude would surely be reflected in other areas of their life. So I guess, yeah, I would dump someone because of money, amongst other issues. Lay-offs, unexpected illness and student loans can all contribute to finances that look bad on paper, but may not be as dire or long-lasting as they appear. For both men and women, these type of financial setbacks can be a source of deep shame and guilt.

I planned to pay it off as soon as possible once I was settled, but six weeks into the job, I was fired. Financial infidelity, which can include anything from hidden debt to secretive overspending, is on the rise.

Seven Signs Your Boyfriend Is Bad With Money

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.

Dating someone with bad credit and marrying that person are two different ball games. There could be certain purchases or expenses you’ll want.

Love is love. They were never my type unfortunately. Only until I reached college did I realize he was trying to play match maker to ensure my financial well-being. They encouraged me to stop messing around and start studying instead. I also recall talking to my parents at the age of 14 about dating a real life princess. Her name was Tengku Zarina and I was smitten. Zarina was of Malaysian royalty and my parents were fascinated by the potential. Unfortunately, my pursuance failed since she was two years my senior.

Does Cupid Still Find Love for Those with Credit Card Debt?

Bad credit? While rejecting a potential partner based on a numerical value might seem superficial, it makes sense since a stable financial ground is necessary for marital unity. Love is great, but beyond cloud nine, a hot guy with a poor credit score will obliterate your dreams of homeownership. The importance of credit scores in the dating scene presents a quandary: When is the right time to ask?

Men and Women Are Already Wary of Bad Credit Matches. Spoiler alert: It appears men and women already knew this somehow – at least on an instinctual level.

Though this might not be the tagline on most online dating profiles, money matters are a very big deal in relationships. Unfortunately, financial conversations are not the easiest — or sexiest— talks to have with partners , which leads too many of us to postpone or avoid the topic altogether. So how can we approach this often touchy topic? We checked in with experts who broke down for us why finances — and specifically debt — should factor into your dating decisions before you get too serious with Mr.

Because while partnerships mean love, matching slippers and Netflix-and-chill nights, they also mean — in some way or other — combining finances. Even if you keep separate bank accounts, your finances impact your partner and vice versa. As Lannan explains, debt is a part of life for almost all of us, and many people will choose to take on debt in order to help reach their life goals.

Generally speaking, she says student loans, mortgages and small-business loans can be good forms of debt — as long as they are managed smartly. These include credit cards and car loans for a luxury ride if a simple sedan would do the job.

The Cost Of Courting and Dating Someone With Bad Credit

Valentine’s Day is long gone but Cupid is still in business, drawing back his bow for a shot at true love for fortunate couples. Yet many relationships can’t take flight until both parties have a candid discussion about money. More specifically, that conversation should prioritize potentially troubling credit situations that can capsize a relationship before it gets rolling.

Yes, people can have bad credit for a variety of reasons, fair and unfair, but a romantic partner with strong credit health has a right to know if his or her significant other has credit problems. In fact, there’s a strong case that credit health should be a big factor in evaluating a romantic partner.

According to data from Experian , half of Americans say that credit scores are “important” when choosing a spouse.

“Almost 2 in 5 adults say knowing someone’s credit score would affect their interest in dating that person,” according to a new

A low credit score can affect many things, for example, where you live, what you drive, and how much you pay in finance charges just to name a few. But, can a poor credit score keep cupid from visiting you? The answer more and more these days may be yes! Never Mind That. Ask Her for Her Credit Score. Is it any of your business? True Story — Unfortunately, I have lived this scenario.

In my case, it was an ex-girlfriend that allowed me get into the situation. So, I made her an authorized user on my credit cards and opened a new account for her. I had to do something and quick. I asked for help from my parents but they declined to help. I had to make a conscious decision to create a budget and plan to pay it back before it got more out of control than it already was.

5 Financial Red Flags Your Partner Doesn’t Want You to Notice

Financial arguments are some of the most difficult for couples to overcome, according to recent research from Kansas State University. Meanwhile, the top predictor of divorce, by far, is the number and severity of money arguments a couple has during their relationship. As Britt discovered, arguments over money tend to be more intense than other types, thus harder for couples to move on from.

Bad credit? Pass! A whopping 75 percent of women and 57 percent of men take one’s credit score into account when it comes to dating.

The Wealthfront Team. For instance, the first few times Melissa went out with John not his real name, for reasons that will become obvious shortly , she felt optimistic. In short, it was a better-than-average first burst of dates. He had a great job and seemed goal-oriented about the rest of his life. Why was this a red flag? It made me question if he would be able to fit into the life I was working so hard on or if he was going to bring me down financially.

A recent Finder. The way most of us grow up imagining love — the process of falling into it and then the state of existing within it — leaves us with the idea of love as something that is mostly devoid of logic. Love conceptually exists for most people like a bit of a reprieve for the other big parts of adult life, all of which seem drearily governed by logic.

Is Bad Credit a Dating Deal Breaker?

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Many see a poor credit score as a dating turn-off, Bankrate’s survey “I would date someone with a poor credit score,” says Pamela Sisson,

Having good credit is an important factor in maintaining one’s financial health, but should it be a factor in your relationships? Bluntly, is it okay to date someone with terrible credit? The answer is yes, it is okay — unless you are planning a future with them. It’s not only their actual credit score that may cause problems for you in the future, but their attitude towards their credit and financial health overall.

Asking someone you’re simply dating about their credit score over dinner is definitely a bit crass, but if the relationship is getting serious and marriage is on the horizon, shouldn’t your financial goals and priorities be in line with one another? Data compiled by the financial management website Manila showed that 65 percent of respondents said they argue about money with their partner. Good or bad credit has an impact on a person’s financial status, and if your potential life partner’s credit score is in the dumps, there are a couple ways this can affect your otherwise happy life together.

Bad credit could point to deeper issues of irresponsibility. Bad credit can be the result of late or forgotten payments. If your significant other is constantly forgetting deadlines or simply does not care about paying his or her credit card and loan bills on time, they may be irresponsible. If responsibility is an important trait in a potential spouse, bad credit due to indifference is a red flag. To remedy this, he or she should have a general picture of their credit and how different factors, like missing payments or using credit cards to their limit, affect it.

Should You Date a Man with Bad Credit

We have asked a lot of women over the years, whether or not they would date a man with bad credit. According to a survey by Bankrate , a little over a quarter of men might banish a first date for harboring a low credit score, while half of the women said they might reconsider. The problem here is only six percent of the respondents said it was appropriate to ask within the early stages of dating. It is getting hard to find a good man.

Lannan labels “bad debt” as any expense that involves taking money These include credit cards and car loans for a luxury ride if a simple.

We can overlook a lot in the name of love, the snoring, leaving the toilet seat up, beauty products multiplying on every bathroom surface. But some things can be dangerous to overlook. Please note; these are not questions for first dates! Or for those you are planning just to date casually. A lot of student loans have manageable interest rates. Seven million of us though, have student loans in default.

7 Signs You’re Dating the Wrong Guy