Here’s an interesting article I received from a reader:
When it comes to love, Martina Paillant won’t settle for someone who has a credit score below 700.
“I need a man who has his life together and can pay his bills,” the 22-year-old Canarsie, Brooklyn, resident tells The Post.
Paillant, who attends graduate school in Miami, asks potential suitors their credit scores by the fourth date. While some may call her snooty for checking someone’s FICO number before becoming Facebook official, she’s been focused on her finances since she was 16 years old and has a credit score above 800.
“I was raised in a family of professionals who keep their finances in check and taught me how to handle my money,” says Paillant, who splits her time between Miami and Brooklyn. “I have no student loans and I can already take care of myself financially. I need a man who can take care of himself, too.”
Twenty-two and bragging about a credit score in the eight hundreds?? Bless her heart. My score was in the eight hundreds when I was twenty-two, too. Oh, and she “splits her time” between Miami and Brooklyn? She’s adorable. The only people I know who “split their time” anywhere are rich folks. She has no student loans? Let me tell you something: the only kids who have no student loans are kids who have parents with money. Trust me. So this girl needs to take a whole row of seats. She reminds me of an ex’s wife who likes to brag online that she and her husband bought a penthouse together when in actuality he bought it years before he met her.
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.
“I had to ask him about his credit score,” says Cobb, a 32-year-old graduate student. “It’s a way to see that he knows how to pay his bills on time.” While she was satisfied with his high-600s rating, they split a month later.
Yes, a good credit score does indicate that someone pays their bills on time, but if they’re making minimum payments and racking up interest, then that’s not financially responsible. Do better.
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.
“I had to ask him about his credit score,” says Cobb, a 32-year-old graduate student. “It’s a way to see that he knows how to pay his bills on time.” While she was satisfied with his high-600s rating, they split a month later. “If a guy has a credit score in the 650s and says that he’s working to build his credit, I’d definitely still consider him,” she says. “But I’m in my 30s and I’m not wasting my time with someone who doesn’t want to level up and take care of their finances.”
LOL. Says the woman with a credit score in the six hundreds. Not that a score in the six hundred range is bad. It isn’t. But it certainly isn’t great or even very good by credit bureau standards. It’s average. Get over yourself.
“A man’s credit score has nothing to do with his income,” Khalfani-Cox says. “It tells the person’s level of fiscal responsibility and how they’ve handled past obligations. A person with a high credit score shows they’re trustworthy, responsible and reliable with their finances.”
Except it doesn’t. You know what kind of people believe this? People who’ve never struggled financially because they never took on much responsibility. I’ve mentioned before that I have a score around 750. Is that a good score? Absolutely. However, my credit to debt ratio is minimal. Why? Because I don’t have a significant credit history. I also don’t have a mortgage or student loans. I had it pretty easy. My friend J., who makes twice what I make, bought her own apartment at 27 and put herself through business school has a lower score than me. Does that make her less financially responsible? Absolutely not. She just has more debt than I do. However, the debt she has is considered “good” debt whereas credit card debt is considered “bad” debt. So, someone could have a credit score in the eight hundreds, but that could mean that they live at home or didn’t go to college or that they rent their apartment or make minimum payments. A lower score could indicate that the person has taken on more responsibility. You have no idea why someone’s score is low. Maybe they got sick. Maybe they made an investment that went sideways. Maybe they got laid off. Maybe they had to take out a loan. There are plenty of reasons why someone’s score is low that has nothing to do with financial irresponsibility.
That’s how Philadelphia couple Amanda and Devon Buchanan met in 2014. After both were burned by former flames with bad financial histories, they signed up for CreditScoreDating.com, which matches users based on their credit history. Amanda and Devon’s scores were both in the low 600s.
They went on their first date in July 2014 and married nine months later.
“A big part of why our relationship worked out was because we were upfront with our finances,” says Amanda, a human resources manager.
Aaaand there it is. The product placement. Who the fuck is signing up for a website that requires users to reveal their credit score? Unless they’re giving the site their social security information (which is totally sketchy) most people are going to lie. So what’s the point? This is not a thing.
I have a hard time believing any man or woman would cough up their financial history to someone they barely know. Again I will say that the only people who actually believe asking such questions of strangers are people with very little life experience.
I will take experience with an average credit score over a perfect score and lack of sophistication any day of the week.