Want to make yourself more attractive to a potential mate? Turns out that having a great credit history is sexy to some people.
Color Money question of the week How soon should dating couples share information about their credit score? Currier will be discussing recent reports by Pew on income volatility and financial shocks.
Twin reports by Pew show many families are economically fragile To join the discussion click this link.
We have been dating for three years and are pretty serious.
In one year, she will graduate with approximately 0,000 in debt.
Excessive indebtedness can damage your life almost as much as any substance addiction.” Henry in Montgomery County, Md., a widower and a retired Federal employee, wrote: “I have agreed to marry a wonderful woman who has a lot of debt.
We are not yet officially engaged, but we have agreed to marry in the near future (likely next year).
What you should be sharing and finding out during the dating period is the financial values the person has. Does she think having a lot of debt is no big deal? “It’s probably not a great idea to ask for someone’s financial history on the first date,” said Mike Cetera, credit card analyst at
“However, it’s better to know if a potential partner has a history of bad financial decisions before the relationship goes too far, especially if you plan on making large purchases together or sharing bank accounts.” You should not be making large purchases with someone you are dating or sharing bank accounts until there is an, “I do.” Just saying. In the subject line put “Dating and Credit Scores.” Live chat today Join me at noon (Eastern) for a live discussion with Erin Currier, director of financial security and mobility for The Pew Charitable Trusts.
As we enter the work force and look to start families, we are paid entry-level salaries that would be manageable with the cost of living three to four decades ago. Real income growth has been replaced with access to credit.
Knowing how to utilize access to that credit without getting in over your head in debt is vital for living a middle-class life in America.
Megan writes, “He was worth every penny and all the stress of his debt.