I figured bad credit is always a good subject matter since
it is so common in the U.S. I have read that the average
credit score in the U.S. is 650. I would be curious to see
what the average credit score is right now after all these
foreclosures and credit card debt issues. I would be
willing to bet the average credit score currently well
below 650.
Let's get back to the subject, about "Bad Credit" being a
turnoff. Let's assume your name is Sherry, and you meet the
coolest guy you have ever met in your life. All the sudden
you are in love with each other. Well, obviously the next
step would be to get married. But of course you have never
requested copies of you're soon to be mate's credit report.
You have been dating this individual for 2 years now, and
decide a house, would be a great idea. But to your surprise
you soon learn that you're soon to be husband has bad
credit. Uh oh, now you cannot get a mortgage, because you
don't qualify for the home you would prefer on your income
alone. Now you start questioning your fiancé about why his
credit is bad. Your fiancé now starts letting out all the
skeletons that were never discussed before. You can now see
how bad credit can be a real turn off quick.
How credit reports can say a lot about a person:
A Credit Report will tell a story about an individual. You
can look at someone credit report and determine if they are
a responsible person or not. If you pull your finances
credit report, and their report is littered with
collections, charge offs, bankruptcies and foreclosures,
you might think twice about proceeding with the marriage.
What would be hard to swallow would be the fact you have
excellent credit, and if you marry this individual you
inherit their bad credit debt and problems as well. Let's
come down to reality; your credit can start to creep into
all aspects of your life. So now you cannot buy house, but
need to rent something until you figure out how to repair
the credit issue. Landlords for rental properties will pull
your credit and weigh the same calculated risk. They may
not want to rent to you because of your bad credit
circumstances. This bad credit issue, can creep into all
parts of your personal life. It's kind of like if you don't
brush your teeth, you will get a cavity. Well, bad credit
will keep you from doing a lot of things. Here are a few
examples:
1. Renting an apartment
2. Getting a new house.
3. Getting credit cards
4. Getting a new job
5. Getting a checking account
These are just some examples, of how bad credit can be like
a plague in your life or a major turnoff for other parties.
Everything is risk these days including marriage.Pull your
free credit score report today, and nip matters in the bud
up front. That way there are no surprises for anyone. There
is a good chance you had good credit, but to your surprise
one of your creditors put some inaccurate information on
your credit report about you. This one of many reasons to
stay on top of your credit report.
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About the Author: Mike Clover is the owner of
http://www.creditscorequick.com/ . CreditScoreQuick.com is
the one of the most unique on-line resources for free
credit score report, Internet identity theft software,
secure credit cards, and a BlOG with a wealth of personal
credit information. The information within this website is
written by professionals that know about credit, and what
determines ones credit worthiness.
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