Right if they swap out the profile picture of their expensive car with an image of their credit score, according to a recent survey by Discover and Match Media Group. The two companies collaborated on the independent survey of online daters to better understand the relationship between finance and romance. For example, 58 percent of online daters say having a good credit score is more attractive than driving a nice car. Likewise, 50 percent think a good credit score is more attractive than an impressive job title, and 40 percent favor a good score over a physically fit body. Helen Fisher, Ph. Money talks, but your credit score can speak more about who you are as a person, and singles agree that those with good credit tend to be conscientious and reliable. A credit score is a measure of financial responsibility, which 69 percent of survey respondents say is a very or extremely important quality when looking for a person to date. Financial responsibility rated higher than several other important qualities, as 67 percent say a sense of humor is very or extremely important, 51 percent say attractiveness, 50 percent say ambition, 42 percent say courage and 39 percent say modesty.
6 easy tips to help raise your credit score
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Ever wonder how a lender decides whether to grant you credit? These days, other types of businesses — including auto and homeowners insurance companies and phone companies — are using credit scores to decide whether to issue you a policy or provide you with a service and on what terms. A higher credit score is taken to mean you are less of a risk, which, in turn, means you are more likely to get credit or insurance — or pay less for it.
Credit scoring is a system creditors use to help determine whether to give you credit. It also may be used to help decide the terms you are offered or the rate you will pay for the loan. Using a statistical program, creditors compare this information to the loan repayment history of consumers with similar profiles. For example, a credit scoring system awards points for each factor that helps predict who is most likely to repay a debt.
Some insurance companies also use credit report information, along with other factors, to help predict your likelihood of filing an insurance claim and the amount of the claim.
This article is from the archive of our partner. Ah, love in the early aughts, a time when you might meet a super girl or guy, fall in love, and then find out that person has a subpar credit score and have to dump them. In order to prevent that sort of emotional bellyflopping, you should just ask first, right? Those four little words, so easy, so important, so relationship-killing:.
LaShawn, 31, said, recalling how the date this year went so wrong so quickly after she tried to answer his question honestly. But wait, this is not just one weird dude with aspirations, and his flummoxed date, who did not match up, for whatever reason.
Your credit score is a picture of you as a credit risk to the lender at the time of your of the loan, you would be paying $66, more than if you had the best credit score. your payment pattern to date demonstrates responsible debt management, 1 Scores and rates as of January 9, , as reported on myFICO website.
As she nibbled on strawberry shortcake, Jessica LaShawn, a flight attendant from Chicago, tried not to get ahead of herself and imagine this first date turning into another and another, and maybe, at some point, a glimmering diamond ring and happily ever after. After all, he was tall, from a religious family, raised by his grandparents just as she was, worked in finance and even had great teeth. LaShawn, 31, said, recalling how the date this year went so wrong so quickly after she tried to answer his question honestly.
The credit score, once a little-known metric derived from a complex formula that incorporates outstanding debt and payment histories, has become an increasingly important number used to bestow credit, determine housing and even distinguish between job candidates. Thakor said. Executives who run online financial advice forums say that topics about credit and dating receive hundreds of responses within minutes of being posted. Alexa von Tobel, founder and chief executive of Learnvest. Josephine La Bella, 25, who works at a payroll company, likes to tackle the delicate subject head on.
Looking for Mr. FICO: Singles using credit score to filter dates
What does this mean for your dating life? If you have a good credit score , then perhaps that is one detail worth mentioning at some point in the dating phase. But, on the first date, it might be a bit strange to drop into the conversation.
A good credit score gets approval for attractive rates and terms for loans. links on this page, but that doesn’t affect our editors’ opinions or evaluations. To the best of our knowledge, all content is accurate as of the date.
Lender credit-granting requirements, data reporting practices, consumer demand for credit and consumer use of credit have all evolved. As an example, we use credit much more frequently than we used to. If we didn’t, seemingly normal credit usage today would be considered a higher risk than in years past. From there, each lender determines if and when it will upgrade to the latest version.
Some lenders make the upgrade quickly, while others may take longer. Think of how people use different versions of computer operating systems or have older or newer generations of smart phones. They all share the same base functionality, but the latest versions also have unique updated features to meet evolving user needs. Every time a FICO Score is updated it incorporates unique features, leverages new risk prediction technology, and reflects more recent consumer credit behaviors.
The end result is a more predictive score that helps lenders make more informed lending decisions, which ultimately makes the credit process easier, faster and fairer. The foundation of these versions is the same as the base FICO Score versions, but they are fine-tuned based on industry-specific risk behaviors. This helps ensure that lenders get optimal information and can make better decisions, so that you get access to the right credit.
Financing a new car?
A high credit score can be a turn-on
We are presently experiencing a phone system issue with our main number, but our Service Center can be reached at We apologize for the inconvenience and are working with our phone system provider to restore access to the main number as quickly as possible. The higher the score, the more likely the consumer is to pay back loans on time. The videos and FAQs below provide information about what goes into your credit score and how it’s used.
Scores are based on a snapshot of your credit file at particular consumer reporting agency at a particular point in time, and help lenders evaluate your credit risk. This data is grouped into five categories as outlined below.
While asking for a date’s credit score before going out could be a little awkward, you might find the right person on a dating site that does just.
Salary, height, the size of your, um, shoe. Of all the personal stats relevant in dating relationships, a credit score never crossed my mind. That is, until a Discover ad interrupted my OkCupiding recently to inform me that 50 percent of people prefer good credit to good looks. But are we really all holding out for a holy Trans Union? Just waiting to be Equi-fixed up?
Then I started swiping and readied myself for the marriage proposals to roll in. Here, Mr. Instead, I waited and waited. But after some light credit-related banter, the topic turned to another number — my height — which he seemed to find more attractive. At that point, I decided to progress to phase two of my experiment: replacing all my photos with one recent screenshot of my credit score.
Seeking Smart, Funny — and a Credit Score Above 700
Subscriber Account active since. A national study performed by Discover and Match Media Group of 2, American adults found that a good credit score may help land you a relationship. Match owns dating websites and apps —such as Tinder, Match. Financial responsibility is more important for women finding a partner than men. Helen Fisher, chief scientific advisor for Match.
What is a good credit score? Get the basics And there’s at least one dating website that uses credit scores to help you find a prospective date.
Others are more interested in another number. A high credit score can help predict whether someone is trustworthy. By showing an interest in these three digits, people are probably being smart rather than shallow, says Jeffrey Hall, associate professor of communications at the University of Kansas. What people do and say in the early days of dating might have an impact later on.
People are combining their finances when they marry, after all, and that can impact their future happiness. Also see: Americans will talk about sex and infidelity before they talk about this…. Low credit scores can deny one access to a mortgage or increase the costs of credit by thousands of dollars, says Stephen Brobeck, executive director of the Consumer Federation of America, a consumer advocacy group. For those who are interested in talking about this during a candle-lit dinner, they should know what it means.