The Federal Reserve has been looking at the social implications of an individual’s credit score and have discovered a strong correlation between success at marriage and how closely the couple’s credit score match each other.
They seem to be concluding that two deadbeats will get along with each other (as would two responsible people), but don’t marry a credit risk if you yourself have a stellar credit score.
So, is this the role for the Federal Reserve? Did tax dollars pay for this?
I could have told you that for free. I always paid cash and never established
Credit and have no credit card. My wife is a doctor and has great credit.
So I have a joint top of the line credit card with her.
Her credit is so good she can buy a car with just her signature.
i’ll show you my fico if you show me yours
I have no idea what my credit score is or if I even have one. I haven’t had any debt in years.
So true. Mine is 812 and my wife’s is 815. And I definitely resent it.
Looking at my family history, I can say for certain that a person who is a moron with money will ruin a marriage faster than a partner with a substance abuse problem, because many people can still make half way decent decisions while ripped, a person who is an idiot with money is utterly hopeless even when completely sober.
My sister destroyed her marriage not with her drug issues but with her compulsive spending. She bankrupted her husband, and he’s still fucked 20 years after divorcing her because he lost his job and had to find a lower paying profession.
You have one.
When I was close to marrying my wife, we had a credit card cut up day. She had 8 at the time. I paid off 2 of them off and we cut all but one. You only need one.
Her score is now north of 800 and mine mid 700s. Go figure.
I hate to pop a bubble but my wife and I both have credit scores over 820 and the divorce is pending.
It’s probably lower than if you “proved” to the scoring folk that you’re a reliable borrower. Dave Ramsey says FICO scores are the biggest con job in the financial world: the more you borrow, the higher your rating!
Sorry to hear about the breakup.
To joe6pak, of course this was paid for by you and me. It is nearly a given that the more valueless the study, the more likely it is publically funded. In this case, I smell the fallacy known as ‘cum hoc ergo propter hoc’, Latin for “with this, therefore because of this”, or “false cause”. They are stealing us blind to prove that correlation is the same as causation, when we’ve known since Aristotle that they are not. Once we are “shown” that up is down, black is white, male is female and disparate credit scores lead to divorce, why, we’ll be putty in their hands.
OMG! Another reason I’m happy that I’m old and married my hubby before such things as FICO scores and HIV tests were necessary!
As for our credit score, we have no debt (no mortgage, no car payment, etc.) and our score has lowered because of that.
Garbage! I’ll take no debt over debt any day!
And guess what, FICO? If we want to buy something, we’ll pay cash.
Don’t need no stinking FICO!
So now women are attracted to guys with a big…FICO?