I asked a similar question yesterday and THEY ALL SAID YES. Today I am asking it directly, and asking in the relationships section and not business and finance to see if I get anyone to answer otherwise. I deleted the question because I don't want people to read those answers when they're doing a search online and possibly add to the propaganda on the web that says bad credit= loser. However, to all the people who swear up and down this is the case, I hope you lose your business, your job or your house and have to run through not only your savings but your credit so that your family can eat. I really do. Then you can rethink your position.
2007-12-11 23:59:08 · 12 answers · asked by hmm 5 in Family & Relationships ➔ Other - Family & Relationships
Oh my gosh you three have really put my mind at ease. Thank you thank you thank you. I agree with finding out the specific reasons for the credit problems though.
*relaxes in chair*
2007-12-12 00:06:03 · update #1
No actually I've been married for a few years and our credit scores are both good, mine is over 700 now, but when I met my hubby I did have semi bad credit, due to the aftereffects of losing a business. I asked the questions yesterday because I was saddened and shocked by the commercials on tv where the guy is singing about how he wouldnt' have married his wife if he had known and he has to live in his dad's basement. (!!) My husband and I never had any major problems because of my credit score we even got approved for a home loan that wasn't an ARM. This was while it was still bad.
2007-12-12 00:10:03 · update #2
Absolutely Not. I was appalled at that ad. If you love someone you love them. It doesn't matter about their credit score. For heaven's sake, I swear the materialism today -- sorry, Mom's on a rant. We lived through the 80's, had credit cards, rant them up, had bad credit and CLEANED IT UP. Actually paid it all back, cleaned up the debt and have now purchased a nice house.
My Beloved Partner and I (27 years since you asked ) have been there.
That commercial and thought of breaking an engagement over a credit score is appalling.
2007-12-12 02:21:29 · answer #1 · answered by Mama Otter 7 · 4⤊ 0⤋
Finances and financial goals should always be discussed before you get married. I'm not saying you should end an engagement over a credit score, but it also depends if the bad credit is because of a pattern of bad decisions or one or two bad decisions.
Honestly if you have a partner who is constantly going into debt and not paying it off then that is going to impact both of your lives forever. That is a serious consideration particularly if you want to have kids. Bad credit can also be a sign of something serious like a gambling addiction.
So no I wouldn't break off an engagement over bad credit, but it certainly is a sign that there may be something to discuss -particularly in regards to who manages the household accounts.
My partner has horrible spending habits and I wish I had been adult enough earlier in the relationship to just take over the finances, as I have done since. Rather than waiting for him to want to be an equal partner in finances. I just didn't want to be the wife that says "Give me your paycheque -here's your allowance" but apparently that's the only thing that works around here.
2007-12-12 10:20:18 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Before marrying try helping him to clean up his credit. In fact make it a deal breaker. You both will want to start with a clean slate in view of the eventual financial responsibilities that come with marriage such as children and a mortgage etc...
It could be that he just doesn't know how to get himself out of the mess he is in. However, if he shows an unwillingness to change then you may want to rethink your relationship because this will be a foregleam of the future for you both financially. Many relationships break under the stress of money issues. There isn't a right or wrong answer here only what you are willing to accept. Good luck to you with whatever decision you choose to make.
2007-12-12 00:41:30 · answer #3 · answered by Anonymous · 1⤊ 0⤋
This is not enough to break and engagement, but you would be a mug to marry until this situation is resolved. You need to talk very honestly with one another. Why does the bad credit rating exist? What will he do to rectify this matter? You need to assure him that you care, you will attend counselling sessions on managing finances with him if he tries. But if he thinks it is not worth the effort, then I suggest he is not worth your lifetime commitment. The bible says don't be unevenly yoked. This is not like some say that a Christian ought not to be with a non Christian. The sense is broader than that. In a relationship if you are wise with money and the other spends like there is no tomorrow you are not going to have harmony. Take serious counsell on this issue and look into places where your relationship may be uneven in other directions. Does he drink, gamble, smoke? Do you? What about children? In favour or against? If in favour, how do you see bringing them up. Life has so many decisions and it is hard to see these things while you are wrapped up in romantic love. But reality eventually breaks through. So be prepared.
All the best
Cheers
Lisa
2007-12-12 00:09:40 · answer #4 · answered by Lisa 6 · 2⤊ 0⤋
Credit does matter.Not when it comes to dealing with the heart.I cannot believe there would be people that shallow that would want to know a persons credit score.Like there are not anything more important than that.
Sometimes things cab happen that we have no control over.
Dont break up with him.If you are worried about is credit.Then help him get it cleaned up.Dont call one of those debt places either.
Have him contact the people he owes money to and make arrangements to pay off the debt.Most companies will work with you.
Dont listen to those empty souls who actually would care about someones credit than who they are.
If you love him.Stand by him and help him get out of debt,but only if you are sure he loves you awa well.
2007-12-12 00:44:45 · answer #5 · answered by kenneth h 3 · 2⤊ 0⤋
No they changed this law recently. To many people were cheating the system by getting joint accounts with family or friends who have good credit. So fico and regulators changed the way that is done now. Your fiances bad credit will not show up on your credit record. If it does you can dispute any of it and have it remove. But if you have joint accounts than that perticular account would show on both yours and his records. The only way it may hurt you is if you try to buy a house and put both his and your name on the mortgage. Good Luck!!!
2016-04-08 22:30:22 · answer #6 · answered by Anonymous · 0⤊ 0⤋
ya, I hate that commericial too, it sends the wrong message to people... so what if she had 1 bad account? credit scores go up and down, things happen, when you marry, it's for better or worse, richer or poorer... and that is that...
no, I would not break an engagement... hubby and I both knew our credit scores before we married, it didn't bother either of us =), and it should bother noone else, either... now, if a person is being irresponsible on purpose, opening accounts and running them to the limit in a short period of time, and not making the payments, that's another story... you know? unless you were laid off of work or something...
2007-12-12 00:16:57 · answer #7 · answered by elvlayarvvi fEisty wife and mom 6 · 2⤊ 0⤋
Only if your marriage is to be a sham and a business deal right from the beginning. In ALL other cases I would say, "Are you nuts?".
BB,
Raji the Green Witch
2007-12-12 02:15:48 · answer #8 · answered by Raji the Green Witch 7 · 2⤊ 0⤋
Not necessarily; however I would definitely talk to the person and I would also (if he comes from some other place or state) run a background check on him LOL. I would make my decision based on his answers and the background check. But alas fair maiden, the heart may scream its will so be strong! :-)
2007-12-12 00:03:54 · answer #9 · answered by Janie J 3 · 2⤊ 2⤋
That's a stupid reason for not getting married. You get married because you love someone, not because of anything to do with money.
2007-12-12 00:04:15 · answer #10 · answered by Anonymous · 3⤊ 1⤋