Dating a credit score loser may or may not matter in matters of love. It depends on those people involved.
We’ve all dated losers in our lives. However, everyone has a breaking point or limit to the type of loser to date. Is dating a credit score loser such a bad thing especially if that person wants to improve his or her credit score? How do you know if you are dating a credit score loser? Are there any key numbers? Is there a breaking point?
Credit Score Losers Don’t Care About Their Personal Finances
Credit score losers consistently pay their debts late if they pay them at all. They have no problems borrowing and paying for any and everything with high interest credit and loans. The fact that they are robbing Peter to pay Paul and feel comfortable with taking calls from unknown numbers (aka bill collectors) may be enough proof that you are dating a credit score loser and potential problem.
Credit Score Losers Want You to Use Your Credit To Help Them Out
I have dated two credit score losers in my day. One credit score loser wanted me to allow for him to transfer $5,000 of his credit card balance to my credit card. My card, at the time, had a $35,000 credit limit and zero balance. Even though he was my boyfriend and we had been together for over a year I had to say no to his generous offer. He is and was not a loser but he was a credit score loser. He was old enough to have known better than to have not understand how is behavior impacted his credit score.
The second credit score loser could not be helped in my opinion. I have a knack for digging up information on people. Not only had he filed for bankruptcy, but he only made about $70,000, had $90,000 in student loan debt, was paying child support for three children and lived way above his means. He wanted a new car so when he found out how great of a credit score I have and how much little debt I had he asked me to buy him a car in my name and with MY credit.
Credit Score Losers Refuse Sage Advice and Help
A credit score loser will not accept help. A credit score loser will make excuses for their situation and will not do work another job to pay off debt.
Also, do not ignore these signs that you are dating a Credit Score Loser:
- 12 Signs You Are Dating A Financial Nightmare
- Dating Someone Who Has A Lot of Debt or Bad Credit
- Poor Credit Can Make You Less Attractive
Thirty percent of women and 20% of men say they will not marry someone with bad credit.
There is one person who says she only dates men with high credit scores.
That leaves a lot of people who are willing to be personal credit repair partners for their significant others. Credit score losers need love, too, and they can be guided on how not to be a credit score loser.
Steps to Helping a Credit Card Loser
- Help the Credit Card Loser create a budget. The Credit Card Loser may be able to see that there is light at the end of the tunnel. The Credit Card Loser may be able to become debt free.
- Help the Credit Card Loser sell items he or she doesn’t use or want. The money from the items sold can go towards debt.
- Convince the Credit Card Loser to downsize living spaces and their car. Trading in a luxury car for a mid sized normal car can reduce credit utilization and boost the credit score.
- While I do not agree with paying someone to help fixing credit, a reputable credit repair company may be useful.
- Be the Credit Score Loser’s accountability partner. It is easier to get out of debt and improve credit score with the help of a friend or lover.
As The Frugal Biddy, I am on the fence if I would date someone with very bad credit. I would if they followed the Frugal Biddy Financial Coaching Program. I’d give a GREAT discount and they would have a lot of one-one-one sessions (ta hee hee). And if the relationship didn’t work out at least I wouldn’t consider it a complete waste.
Whether to date a Credit Score Loser is up to you obviously. You determine the degree to which credit scores matter in your relationship.