7 Ways to Improve Your Credit Score in 2013
News from ABC News:
Newsflash!!! The dating world has been turned upside down yet again — no, not by some new feature on Match.com, eHarmony, or Christian Mingle. But rather by that universal theoretical measuring stick of financial maturity: the credit score.
I came upon this fascinating story in the New York Times (though for a moment I thought I was reading a dating column in Cosmo). Apparently, the new normal now requires both sides of the dating equation to provide information heretofore considered sacrosanct except in economic transactions. It’s no longer about getting a job, buying a house, car, cell phone or insurance, nor is it about renting an apartment, video, or getting an airplane ticket or hotel room in the coolest location in the world.
Today, it’s about making your case by way of a number, and I’m not talking about that 1-10 ranking both revered and reviled by millions for decades. To put it plainly, if you want to score big, you ne…………… continues on ABC News
Editorial: Popping the credit question
News from MetroWest Daily News:
The young woman was musing about a possible long-term relationship with her handsome date when he suddenly popped the question: “What is your credit score?”
Surprised and somewhat dismayed, she admitted it wasn’t all that good, and according to The New York Times, that was the end of the story for her romantic visions.
While many people don’t even know what a credit score is, much less what their individual number is, the Times says there is a growing realization among young marriage-minded men and women that a partner with a poor credit score can affect the rates they pay on mortgages, car loans, credit cards and other common financial transactions.
Credit scores, calculated on your payment history, amounts owed, length of credit history, new credit and types of credit used, range from a low of 300 to a high of 850. Scores above 750 are considered good; below 660 poor.
“Credit scores are like the dating equivalent of a sexually transmitted disease test,” Manisha Thakor, founder of MoneyZen Wealth Management, told the Times. “It’s a shorthand way to get a sense of someone’s financial past the same way an S.T.D. test gives some information about a person’s sexual past.”
Money is the No. 1 problem in marriages and also the leading cause of divorce, according to TV’s Dr. Phil McGraw. So maybe checking your financial compatibility isn’t…………… continues on MetroWest Daily News