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America has an unhealthy obsession with credit scores. Many people attach their self-worth or the worth of others to these constantly fluctuating numbers. People even use credit scores to make decisions about their dating lives. According to a new survey released by Bankrate.com, a personal finance website, 42 percent of Americans claim a bad credit score may be a dating deal breaker.
According to Bankrate’s survey:
- Women are more likely than men to consider credit scores as an important factor in their dating decisions (50 percent).
- Thirty percent of men consider credit scores as a major factor for choosing to date others.
- Three quarters of the couples surveyed by Bankrate (77 percent) share bank accounts. Men and women may be less likely to date people with low credit scores because couples (especially married couples) share finances.
Does A Bad Credit Score Mean I Will Be Single Forever?
It is not the end of the world if you have a bad credit score. In fact, credit scores can be improved in a relatively short period of time. The most important factor for improving your credit score is to show financial stability. This means paying bills on time, keeping a steady source of income and being careful when utilizing credit. Remember, there is no such thing as a permanent credit score.
One of the most common concerns people have before filing for bankruptcy is “what will this do to my credit?” If bankruptcy is the right choice for you, chances are there are more important aspects of your finances that you should be worried about. Filing bankruptcy does not mean you will have poor credit for the rest of your life. We encourage you to read a blog written by one of our attorneys on this subject. Hearing an experienced professional speak on this subject may help put your mind at ease.
If you are experiencing financial hardship, the Kansas City bankruptcy attorneys at The Sader Law Firm can help you look at options for debt relief.
