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.
Six percent of the survey respondents thought that people should share credit scores within the first few dates.
That’s way too soon to share such intimate details of your financial life.
In creating a dating profile, requires users to disclose where they fall in a range of credit scores.
In a drop down menu here are your choices (the higher the score, the better credit risk you are): — 801-850 — 751-800 — 701-750 — 651-700 — 601-650 — 600 or below But the reporting is on the honor system.
Keep your personal finance details to yourself until you’re serious.
The answers are included on each user’s profile, alongside other pertinent dating information like age and hobbies. And which sex is more likely to consider a credit score a major influence in their dating decision? Fifty percent of women said a certain credit score might have them think twice about dating someone, while just 35 percent of men said it would factor into the appeal of a date, according to the latest Bankrate Money Pulse survey, which was conducted April 20-23 by Princeton Survey Research Associates International with a nationally representative sample of 1,000 adults living in the continental U. Here’s some additional data from the survey: — Older millennials (27 to 36) are the most likely to be concerned about credit scores.
In addition, the information gleaned by the algorithm, which Green said has a 92 percent accuracy rate, is used to match compatible site users.” For it’s survey, wanted to know if a bad credit score could hurt people’s chances of finding a partner. — Younger millennials (18 to 26) are most likely to say it has no impact at all.
I postponed actually marrying until I could work with her creditors to settle her liabilities because I did not creditors to try to attach our marital property or take my assets into account when we tried to settle. One needs to learn and understand why the other person incurred such debt, how that person now handles his/her finances, and if or how you can work together to reduce and hopefully eliminate such debt and not incur more such debt in the future.
In my case, after very careful review and analysis I concluded all the indicators were very positive.” Linda Marler of Colfax, Wash., wrote: As a retiree in my late 60’s, I am viewing this as a happily married woman. I use credit cards but don’t generally get over ,000.
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.