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Jan 15

Credit Score and Relationships

This hit close to heart….. I have a very dear friend whose credit score before the Fico changes was 740. She had late pays, a repo, you name it, due to debt incurred for her divorce. It cost her quite a lot ($10,000.00+) to free herself from her ex, and he has not paid a dime since the divorce over 2 years ago. Anyway, she met and moved in with a man last year. Recently, during his drinking times, the problem has arisen about credit.

He equates credit score with love. She heard repeatedly that she was supposed to have her head on straight, good finances, blah, blah, blah. When the worse finally came to be, she had obtained her score and showed him. The change in him was amazing, to say the least. Me, I would dump him in a heartbeat. If my credit score (which is not good) was chosen over love, then I don’t need him.

It’s interesting you say this lol. I know a guy that was getting in a relationship explaining that it was a business relationship as well, which seems very cold. A relationship should be strictly out of love, trust and so much more…and I agree..but there’s also a fact out there that the number one reason people divorce is due to money. It just puts so much stress on couples, it’s really sad when you think about that. I truly think that couples should talk about finances and whats important to them. This is one subject that I think most people don’t talk about.

My wife had 8 credit cards when we got married,and I had no idea. She didn’t want me to know, but it wouldn’t have changed my mind about our relationship. My wife wanted to pay her debt off and didn’t want me to help in any way and trust me, I tried. She said she had the debt before we were married and it was her responsibility, so I thought that was very classy and I respected her for it. But money can rip couples apart if one’s a saver and one’s a spender… I think it’s important to be on the same page and have the same goals. Just my two cents….