Here’s an interesting article from Jezebel:
If You’re Looking for Love, You Better Have a Good Credit Score
John Hendrix, a 33-year-old chemist in San Francisco, said he worried that the vast disparity between his girlfriend’s credit score and his own low one could create tension in their relationship. When the couple leased a car in October, Mr. Hendrix had to leave his name off the contract because his poor credit scuttled his chances for the bargain interest rate that his girlfriend qualified for.
From the original NYT article:
She simply couldn’t help it, though. 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.
Her musings were suddenly interrupted when her date asked a decidedly unromantic question: “What’s your credit score?”
“It was as if the music stopped,” Ms. LaShawn, 31, said, recalling how the date this year went so wrong so quickly after she tried to answer his question honestly. “It was really awkward because he kept telling me that I was the perfect girl for him, but that a low credit score was his deal-breaker.”
While I agree that a couple should have a frank discussion about finances if they are considering merging in some way. Up until that point, I don’t see why it matters. Not only that, but I’d be more concerned with whether or not they live within their means and seem responsible with their spending than a credit score. While the credit score often reflects someone’s spending habits and money management ability, many times it doesn’t accurately reflect the strides someone has made to become more financially responsible.
I could never discount someone based on a three digit number. I’d have to have a fuller picture in order to make such a decision. To me, there’s something off about someone who cries poor a lot but who smokes, orders a lot of take out, belongs to an expensive gym, etc. To me, that shows their inability or unwillingness to sacrifice. Which, as we’ve discussed before, is really the core of commitment. Equally troubling are people in between apartments and couch surfing who are actively trying to date. Dating is expensive. 4 or 5 dates a month is a few hundred dollars. How important could it be to someone to get an apartment if they’re taking that much money away from the more important necessity of having a roof over your head? These people aren’t looking for partners, they’re looking for providers.
How important is someone’s credit score to you? Is it a determining factor or do you consider other issues like spending habits or how much debt they do/ do not have?
Which would you rather…someone with no debt but a poor credit score or someone with a good credit score and sizeable (say over 25K) debt?