FreeCreditScore.com surveyed 1,000 people about credit scores and how it would affect a future relationship. The results were that 30% of women and 20% of men said that they would not marry someone who has a low credit score. Most of the people who took the survey also said that how they handle their money is an important trait that needs to be looked at when choosing a potential spouse.
Women especially seemed to be concerned with their partner’s financial well-being as they responded that financial compatibility and financial responsibility were ranked as high as s*x and intimacy, career ambition, and physical attraction when looking for a spouse. The men said that being financially savvy is just about as important as physical attraction, a little less important than s*x and intimacy, and far more important than career ambition.
57% of men say that a credit score takes part in helping them decide whether they have found a partner or not. 75% of women said they would go by the actual credit score because that number is made up of past and present credit histories as well as current accounts they have open and it is one of the most effective. One woman even said that she would not give out her phone number to a man unless he shares his credit score with her.
So why the big fuss? What does a credit score have to do with finding love? Well, quite a bit actually. When you get married you assume all financial liability for each other and that means all the debt too. If you marry someone with a really low credit score, they could end up costing you thousands when it comes to mortgages and car loans. This coupled with the fact that they don’t know how to manage money can lead to a financial disaster for your family.