Revealing Your Number
Lovebirds exchange a lot. Texts, gifts, kisses... we'll keep it PG-13 here.
They should, at some point, exchange their numbers.
No, that number wasn't the one I had in mind.
I mean their FICO credit score!
This week BuzzFeed and Experian (one of the three credit reporting bureaus) teamed up to release this cute video on engaged couples revealing each other's credit scores.
What was your reaction?
What was your partner's reaction?
When Miss Thrifty learned Mr. Spendy's credit score, she wasn't all that upset. He wasn't too sure of what his was, but kept her expectations low. She did tell him he'd have to be at least in the 700s to put a ring on it.
When Mr. Spendy learned Miss Thrifty's credit score, he didn't quite know what to make of it. He knew it was higher than his, so he figured it was a good thing.
When's a good time to exchange credit scores?
Certainly before making a large, joint purchase that will require a decent credit history (i.e. a buying a house). I would venture to say it's better to exchange numbers well before that.
There's a sweet spot in the relationship when you should exchange credit scores. This is a time when you have developed enough respect and trust in each other not to run for the hills if you and your partner's scores are too dissimilar.
When you do exchange credit scores, come from a place of understanding. We all have different backgrounds and have differing levels of financial literacy.
Remember that raising your credit score is totally possible, and even in a short amount of time.
How do you check your credit score?
Many credit cards now offer credit score monitoring as a free perk. Look into it!
Mr. Spendy and I both use a free credit score service and check for the updated number each week. Then, we text each other screen shots if it's gone up and reply with heart-eyed emojis. #nerdalert.