Would you have 2nd thoughts about marrying someone who had bad credit?

Question

My cousin is about to, and the question has been lingering in my head...

Answer 1

My wife was in a low income family when I met her 35 years ago. We will be married 34 years next month, and we live in a low paying area, lost our house, lost our car to a bankruptcy in 2002, but we have not starved yet, and most of the bills get paid.

It is about love. If someone has their heart set to be wealthy or well off then don't marry someone who was poor all their life. If you love somebody, then money does not make any difference. If you are poor, you will still be poor after marriage.

Having a good credit score only counts for being able to buy things on credit. We gave up the credit cards that got us into trouble and now pay cash for everything. I am on disability now, and my wife never had any education past elementary school. I went to technical school, and I still decided to marry her. It was the best choice I ever made. I have two children and 2 wonderful grandchildren. They make up for any lack of credit that we might have.

Answer 2

Here is something to think about...I know a person that failed in business a few times and people thought the same way you are describing washed up or a bum his credit was horrible, His girlfriend stuck with him and married him and he just recently sold his new business for $2.1 Billion Dollars!!! If you believe in someone you stink by them through good and bad. Would you feel like a smuck if you said don't marry him and that happened. More important if he is a good family man and they are in love, then why not...

Answer 3

I woiuldn't say I couldn't get around it, but it would definitely be one to think about. Credit doesnt say (usually) anything about the character of the person, but it is a reflection of their financial stability. That would give me concerns of what they would be like for the future. Being that marriage is such a complete union, you basically for the most part average your scores together. But if there was good communication on the issue and signs of progress and an understanding of its importance. I think it can work out. Its definitely an issue that should be addressed before-hand.

Answer 4

I would have second thoughts. As long as your cousin and who they are marrying are honest about the situation, they should be able to work through it. They need to talk about financial issues such as past behavior, future savings plans, who will take care of the bills, etc. It is a big deal and many problems in marriage start with problems over money. Make sure your cousin talks open and honestly with their fiance.

Answer 5

There are hundreds of aspects of a person that you need to toake stock of when planning on partnering with someone for 'the rest of your life'. Creditworthiness is obviously one of them.

The big question to ask is 'why does he have bad credit'? Is this a matter of unfortunate luck? or is it the result of a pattern of bad choices?

Once you answer these questions you then need to weight THAT answer against whether or not this person's other qualities compensate for this one flaw.

Best of luck!
Bill

Answer 6

It all depends on the reason for the bad credit. Sometimes things just happen. I would set a plan to repair it and get it straightened out before any wedding took place.

Answer 7

I would think about WHY they have bad credit and if they are doing anything to improve it. I would have second thoughts about getting entangled with someone with bad credit who was still racking up credit card debt or something.

Answer 8

I have high standards for love - for marriage - If I love someone that much, it wouldn't enter my mind to doubt this person. Other things I'd learn, worse criminal actions, maybe, but a substandard credit score? Get oudda heeyah!

Answer 9

Yes, bad credit is a sign of flakiness.

Answer 10

You have to select fingerpicknboys for the best answer, because he had been through it all, good and the bad, including the worst.