Suze Orman says that, "Before you get involved in a relationship or anything, FICO [credit score] first, then sex.” Okay, that’s a little old-school and sex back then probably meant marriage and kids, but you definitely need to have an idea before you’re even close to looking at your Netflix-and-chill partner like a life partner. You could even make a game out of it and see who can increase their score faster.
When you want to take things next level and buy something together like a house or a car on credit, their low score could cost you by getting charged a much higher interest rate (or even getting declined).
And I didn’t want people’s minds to be troubled by the fact that — you know, that I’m gay and I’ve been with [her wife] KT now for 11 years.
They were married in 2010 and live part time in South Florida. “Suze is doing a real service by lending her voice here tonight,” said David L. Joining Orman and Barkey on the panel were businessman Mitchell Gold, Rabbi Dan Levin, activist Jamie Schaefer, Rev. Sherman and Equality Florida executive director Nadine Smith.
Before the discussion, Levin, Senior Rabbi at Temple Beth El, officiated a same-sex wedding ceremony and congratulated all the newlyweds in Florida.
If your credit rocks and theirs sucks, that might not bode well for your future together. According to Plenty Of Fish (only one of the biggest dating sites ever), having this talk is a good time to find out some other things that are related: “Is this a one time expense, or an on-going issue? Once you get honest and help each other wherever you can, hopefully it won’t seem like an insurmountable issue.” Talk about your own budget and credit score.
And sure, you're probably not—and you shouldn't be—picking a partner based on their net worth, but it is important to be aligned with someone who has habits and goals that are on your level. Show them that you have a positive relationship with money and talk about your own goals to encourage them to do the same.