Imagine this: you’re on your first date and you’re pleasantly surprised that your date is warm, funny and understands your fascination with bus stops and Lord of the Rings. He’s your kind of cute (with his nose tilted exactly the way you want) and he’s also willing to watch your kid brother in Little League. He’s polite, comes from a good family and has a stable career.
Everything seems perfect and you’re already planning your second (and third) date; when suddenly, he stops and asks you about your credit score. What will you do?
For Jessica LaShawn, a flight attendant from Chicago, hearing the credit score question was like “hearing the music stop.” She recalled that the date, seemingly perfect at the onset, went downhill from there. “It was really awkward because he kept telling me that I was the perfect girl for him, but that a low credit score was his deal-breaker.”
It’s a different case for Josephine Labella. Since graduating from Rutgers a couple of years ago, she has been keeping track and taking care of her credit rating. She recalls how a date accidentally blurted out his credit score; and instead of the date becoming awkward, the slip led to a productive and interesting discussion right after. After the incident she tends to broach the delicate subject head on and early on. “I take my credit score seriously so my date can take me seriously,” shares Labella.
What these two examples show us is that it’s important to take care and check your credit score. Simply put, a credit score is a calculation derived from your payment history and debts. This score is an indicator of whether or not you’re a safe credit risk. Having a good credit score will determine if you get good financing and the rate of interest that the bank will charge you for a loan. A score below 660 is considered to be a red flag; while a score of anything above 800 is really exceptional. Relationships based on a compatible credit score is the very premise behind websites such as www.creditscoredating.com and www.datemycreditscore.com.
Meanwhile, The New York Times, after interviewing more than 50 daters all over the country concluded that a good credit score is an actual prerequisite for a good date.
And why not? After all, how you manage your finances is a good indicator of your ability to prioritize, organize and be responsible. Besides, no one will want to start a relationship with someone who’s heavily in debt and who has zero savings.
So where do you start improving your credit score and upping your game in the dating scene?
Ironically, one of the first things you can do is to get a credit card. If you don’t want to risk getting a regular credit card, you can opt for a secure credit card. Here, the issuing bank gives you a credit line that corresponds to whatever deposit you make. It’s also a good idea to look for a card that’s recognized by all three credit bureaus.
Aside from getting a credit card, one of the fastest ways by which you can improve your credit score is to get an installment loan. This can come in the form of auto, mortgage, personal or student loans. If you don’t have an existing loan, getting a small personal loan that you can pay back over a reasonable amount of time is a good way to go. Again, make sure that your loan is recognized by all three credit bureaus. Look into credit unions or community banks for a good deal.
So what are you waiting for? Keep track and manage your credit rating and score on the dating front. Always remember that having good credit is downright sexy.