From: "Saved by Windows Internet Explorer 7" Subject: Is Bad Credit a Dealbreaker in Serious Relationships? | credit card debt, credit score, debt | SavvySugar - Career and Money Date: Sun, 21 Sep 2008 14:43:18 -0400 MIME-Version: 1.0 Content-Type: multipart/related; type="text/html"; boundary="----=_NextPart_000_0155_01C91BF8.633D9770" X-MimeOLE: Produced By Microsoft MimeOLE V6.0.6001.18049 This is a multi-part message in MIME format. ------=_NextPart_000_0155_01C91BF8.633D9770 Content-Type: text/html; charset="utf-8" Content-Transfer-Encoding: quoted-printable Content-Location: http://www.savvysugar.com/1754666 =EF=BB=BF Is Bad Credit a = Dealbreaker in Serious Relationships? | credit card debt, credit score, = debt | SavvySugar - Career and Money
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Is Bad Credit = a=20 Dealbreaker in Serious Relationships?

Thu, 07/03/2008 - 8:04am by SavvySugar
395 Views - = 15 comments =

3D""=20Once you learn to love the little things about your = guy, there=20 are bigger issues that naturally surface, as your relationship gets more = serious. You've seen him handle money from the first date night out, but = you=20 never get a glimpse of how he really handles money until further = down the=20 road.

Brette McWhorter Sember, author of The Complete Credit Repair = Kit=20 knows several couples that didn't tie the = knot because=20 of one partner's atrocious credit score. It's important to be on the = same=20 financial page in terms of goals and a sense of well-being, but = hopefully it's=20 possible to postpone a wedding until both parties' finances are in order = instead=20 of calling it off altogether.

Would someone's bad credit scare you away from being his wife?

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Read=20 Related:  credit card=20 debt credit score debt love = and money=20 poll Savvy poll=20 Your=20 Two Cents
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    15 Comments Add a = Comment

    • ilanac13 =
      1=20

      it really depends. my fiance doesn't have the best credit and = it's=20 really a bit frustrating for me since i have to make sure that = mine is=20 in good shape since i know that we'll want to buy a house soon. = ugh...i=20 wish that he were in better shape but when he was younger, he = just spent=20 more than he made and now that he's grown up a bit, he doens't = do that=20 but he's still paying for his actions.

      11=20 weeks 3 days ago Report = Comment
    =
    • zabrow
      2=20

      i'm kind of torn on this one. & i'm curious to know how = someone=20 has bad luck that leads them into bad credit? not saying it = can't=20 happen, but what would the circumstances be that are beyond your = control=20 that would negatively effect your = credit?

      11=20 weeks 3 days ago Report = Comment
    =
    • lizs
      3=20

      My fiance went through a spendy phase when he was in school - = he=20 totally cracked down before he met me, and has tightened his = spending=20 even more because of our future plans. I'm not really in love = with his=20 remaining debt, but I do love the way he's kept paying it down - = he'll=20 be done in three months.

      11=20 weeks 3 days ago Report = Comment
    =
    • =
      SavvySugar
      4=20

      zabrow-

      Unlucky instances like car accidents and health issues are=20 circumstances that could get someone into financial trouble. = Even if=20 they have some savings it isn't always enough to cover big, = unexpected=20 expenses.

      11=20 weeks 3 days ago Report = Comment
    =
    • bellaressa
      5=20

      To piggy back on Savvy, also if you are laid off and then you = have=20 other emergencies that unemployment and/or your EF does not = cover. What=20 if you do not get a job within the six months time and your = unemployment=20 runs out, sometimes you can't always find a job and if you get a = job=20 paying less than 10/hour you can't pay all your bills, maybe = just=20 rent.

      11=20 weeks 2 days ago Report = Comment
    =
    • chatondeneige=20
      6=20

      zabrow - I have a high deductable insurance plan. If I'm = injured, I=20 have to front $3k before my insurance kicks in at all. I have to = tell=20 you, I'm 23, and I do not have that kind of savings at the = moment. Nor=20 do I have a credit card. So all of the sudden, I'll have a huge = lump of=20 debt.

      THAT is how bad luck can totally screw your=20 credit.

      11=20 weeks 2 days ago Report = Comment
    =
    • Silent = Vamp
      7=20

      Zabrow, to go even further, my SO got into some debt because = he had=20 to go to the hospital emergency room sans medical insurance. The = bills=20 were pretty huge and he got behind on his credit card payments. = Nothing=20 he couldn't work his way out of, and the best part is that his = credit=20 score is now only a few points less than mine (which is really = good).=20 Your credit can definitely recover if given a little time.

      That kind of thing is not a dealbreaker. If an SO has bad = habits that=20 keep him in the cycle of debt and he has no plans to change, = then yes,=20 THAT's a dealbreaker.

      11=20 weeks 2 days ago Report = Comment
    =
    • karen7782       =
      8=20

      I had health issues during a period when I didn't have = insurance or a=20 job, and I'm still trying to fix my credit from those problems. = It can=20 definitely happen through bad luck.

      11=20 weeks 2 days ago Report = Comment
    =
    • meepish       =
      9=20

      I knew my husband has money problems before we were married, = but I=20 didn't realise just how bad. We've been married 2 years now and = things=20 have gotten progressively worse due. It shouldn't be a deal = breaker, but=20 I'd always suggest getting things under control before taking a=20 relationship further.

      11=20 weeks 2 days ago Report = Comment
    =
    • hippiecowgirl=20
      10=20

      I think circumstances would be a factor. I think it would be = a deal=20 breaker if someone had bad credit continued to make horrible = money=20 decisions.

      My husband and I both have good credit, but he's not very = good at=20 tracking funds. His idea of balancing the checkbook is calling = the bank=20 for a balance. We agreed shortly after the engagement ring that = I would=20 be the one handling the finances.

      11=20 weeks 2 days ago Report = Comment
    =
    • hippiecowgirl=20
      11=20

      Oops. Hit "post" too soon.

      I think, regardless of the situation, that it's very = important to=20 talk about money before getting married. I've seen too many = people avoid=20 the subject as a way to avoid conflict. It's going to be an = issue sooner=20 or later.

      11=20 weeks 2 days ago Report = Comment
    =
    • firedancer
      12=20

      I guess I should say it depends, because sometimes it = happens. A=20 friend of mine had a bunch of bad luck with medical bills and = health=20 insurance. That is probably something I would oversee. But I = would=20 ideally prefer someone who is like me, pay all bills on time, = not a lot=20 of loans, credit cards, etc..

      11=20 weeks 1 day ago Report = Comment
    =
    • mochick =
      13=20

      it depends on how it happens, i'd say. of course, right now = my fella=20 has spotless credit and mine is in shambles because of a mistake = with my=20 student loan that i'm currently fighting (long story, but it has = to do=20 with them sending me a letter saying it'd be deferred another = year as=20 long as i remained at least a part-time student, and they, of = course,=20 then denying that and saying i'm missing 8+ months of = payments!)

      it's more frustrating for me than him, though. i feel a lot = of=20 pressure not only to get this all cleared up, but because = anything we do=20 together that requires a credit check, has to be put in his name = right=20 now.

      11=20 weeks 19 hours ago Report = Comment
    =
    • lexichloe =
      14=20

      If you truly love the person, you can find a way to forgive = the bad=20 credit, and hence fix the problem = together.

      11=20 weeks 16 hours ago Report = Comment
    =
    • 3D"phatE's
      phatE
      15=20

      Zabrow - to piggy back everyone else, I had 3 major financial = issues=20 (car, health, and then car again) within a month that completely = screwed=20 me over.. I had savings, but that doesn't cover thousands of = dollars for=20 most people in their early 20's.. Now, I don't have bad credit, = I am=20 still considered in the good range, but I have a few thousand = dollars in=20 debt, and I am not really able to pay it down b/c of my living = expences=20 (rent, bills,etc). So, I am idling until I get something = cheaper, and a=20 higher paying job. Thankfully this is happening as we speak, but = all of=20 that to say I am a talented, smart, educated girl and had some = crappy=20 circumstances come up that knocked me over. Another situation I = know of=20 is a family friend of ours whose husband passed away and left a = huge=20 financial burden on her that she couldn't handle. She has an = excellent=20 job, and picked up private practice in the evenings (for = counseling) and=20 still couldn't keep afloat, so she had to file for = bankrupcy..

      Another girl I know went through a huge loss in her life and=20 emotionally went over the edge and started compulsively = shopping.. She=20 of course made that decsion, but it was also realted to = something really=20 tramatic, and that's how she coped..

      Things happen that are out of our hands, not everything can = be=20 prevented by an "emergency fund" I think people need to realize = there=20 are ridiculous people out there making stupid choices, but for = the most=20 part people really are trying, and either have had some = unexpected=20 things thrown at them, or were immature for awhile and are now = trying to=20 make up for it.. If you judge them because of their credit, you = may miss=20 out on an amazing relationship.

      10=20 weeks 3 days ago Report = Comment
    =

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