Author	Thread: CREDIT REPORT?
DEEDEE72 View Profile History	CREDIT REPORT? Posted : 19 Oct, 2010 04:28 AM Would you require a (potential mate) person you were dating to show their credit report? How important is that to you? Post Reply
bcpianogal View Profile History	CREDIT REPORT? Posted : 19 Oct, 2010 06:52 AM I don't know. I can see the value in it since I don't want to take on someone else's debt and bad credit. At the same time, though, I would hope that I'd trust him enough to not need to see it. I've heard a financial adviser (on the radio) say that every engaged couple should have one session where each brings all their financial records into the open...good and bad. They should discuss their credit scores, their debts, their salaries, their taxes, their credit cards, their spending habits, their monthly expenses, their savings accounts, their retirement accounts, their investments, etc. EVERYTHING. That way both people know exactly what the other person is like financially. It shouldn't necessarily be a determining factor in whether or not to continue the relationship, but at least both people will know what they are getting into. This same adviser said that she is shocked how many couples get married without even talking about finances. While I might not need to see his credit report specifically, I do think that I would like to have the financial discussion at some point. I think it's just a smart idea. Post Reply
View Profile History	CREDIT REPORT? Posted : 19 Oct, 2010 09:00 AM Unless his financial documents somehow reveal that he is involved in criminal means of making money, I don't care to see them. If I trust a guy enough to be considering marriage or engagement, I trust him to be honest about his financial situation. Also, I don't care too much how much money he makes. I come from a single income family of almost minimum wage, so most normal salaries seem like a fortune to me anyway. I wouldn't want to put forth the image that I don't trust him by wanting to see his documents, that's just silly. If you're in one of those relationships where you both are just wanting to get married on no valid basis of trust, then yes, you might check each others documents. Post Reply
View Profile History	CREDIT REPORT? Posted : 19 Oct, 2010 09:34 AM I would be more interested in the Credit Card(s) balance and what % they are paying. (Note): Every woman I have ever dated who made more money than I ; had no savings account, high balances on their credit cards, at high percentage rates and living paycheck to paycheck. That is not a life style I want to live and the modern woman who makes more than the man will not submit to his financial advice which leaves no choice except to move on and look for someone else.. Post Reply
View Profile History	CREDIT REPORT? Posted : 19 Oct, 2010 10:36 AM nope i donot care to know.. If I get that far involved I would have a very good idea of the person he is and have no need to know his credit.. he can see mine I have NO credit I have ALWAYS paid cash for everything. I do not like being in debt even if its 5 dollors. I live pay check to pay check but that is because I have a not so great job, but have an interveiw for a better one.. yay I had savings but well then my house needed a new roof.. shrug it was roof over my head or money in the bank..I picked a roof Post Reply
cowgirl1984 View Profile History	CREDIT REPORT? Posted : 19 Oct, 2010 11:44 AM To me, this is along the same lines as anything else in a person's past needing revealed before marriage. I don't need to see his credit report because I'm not going to marry someone if I think he would lie to me about something. And he doesn't need to see mine because I would be completely honest about mine, even though it's not good. It's something that affects so much about being married. When you are married, they no longer look at just one person's credit report, they look at both. So this will affect where you can live, whether you can buy a house, etc. It isn't just about credit card balances, savings accounts, etc, even though that is all very important. It's about whether you can get a home loan or approved for a certain apartment and many other factors. Post Reply
cowgirl1984 View Profile History	CREDIT REPORT? Posted : 19 Oct, 2010 11:45 AM Oh but, as far as someone I'm just dating, I don't care unless we get serious to the point that we're talking about marriage. And it wouldn't be a deciding factor, unless like siylii said it reveals anything criminal :laugh: But I want to know "what I'm in for" where our financial future is concerned. Post Reply
View Profile History	CREDIT REPORT? Posted : 19 Oct, 2010 05:42 PM uh oh. Twosparrows you just described me to a T. I better get on those credit card balances! I have been working with different budgeting analyses, and trying out the envelope methods and stuff. Yes I've already read Dave Ramsey's book - everytime I save up my $1K something breaks or something isn't covered by insurance at the dentist or something! yeah excuses excuses I know. I'd like to have a look see if I was getting really serious with a man/engaged. Managing money is important - especially if you're gonna have joint accounts! I wouldn't want my man to worry that I would not be financially responsible with our money, and I wouldn't want to have to worry about his spending all our money either. Post Reply
View Profile History	CREDIT REPORT? Posted : 19 Oct, 2010 06:13 PM @alycorn I really enjoy reading your posts. Thought I would give you a heads up (you might already know) there is a company that will reduce your debt if you cut your credit cards up and stay on a payment plan till they are paid off. Post Reply
cowgirl1984 View Profile History	CREDIT REPORT? Posted : 19 Oct, 2010 06:50 PM @alycorn If you take twosparrows suggestion, BE VERY CAREFUL. I tried doing that and it ended up HURTING me financially instead of helping me. They told me they would take care of it but to still pay my credit card bills until they took over, which I did. Then they started taking over the payments and I was paying them, at which time according to them I no longer needed to pay my credit card bills directly. Next thing I know, I am getting all kinds of fines, penalties, and late fees. I called the credit card company that had the biggest balance and asked them what was going on. They said that they had NEVER AGREED TO THE PLAN. Therefore, I was still responsible for the payments. AND NO ONE TOLD ME. So the company that was supposed to help me actually hurt me WORSE and I got MORE in debt, and the money I paid to them was down the whole because they refused to give their cut back even though they did not live up to what they promised. It was an extremely frustrating situation. If you are going to do something like that, call your credit card companies FIRST and see if they'd be willing to settle or work out a payment plan directly. Most of them will if it comes down to something or nothing. If they say no and you pursue a different option, tread carefully. Anyway, I'm sure you know all your options already and have a plan that you're following that's working for you. I just wanted to add that in case you did look into twosparrows' suggestion. Post Reply
View Profile History	CREDIT REPORT? Posted : 19 Oct, 2010 06:55 PM @cowgirl Thanks for adding that, you're right you need to be careful of scams Post Reply

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