Most people’s eyes glaze over at the words “credit score.” Sure, it’s boring. It’s confusing. But ignoring it can make your financial life difficult. And it can affect your social life, too.
We often overlook the social impact of credit, but it exists nonetheless.
For example, a Bankrate poll found that 42 percent of people said knowing someone’s credit score would affect whether or not they’d go on a date with that person. One respondent said:Bad credit could point to deeper issues of irresponsibility. They may be unstable in other areas of their life.
Obviously, there’s a lot of judgment here.
Another 2015 study from researchers at the Federal Reserve Board, the Brookings Institution and UCLA found a link between bad credit and divorce. Moneyish reported:
The higher your credit score, the less likely you’ll split from your partner, and vice versa. Indeed, for every 105-point uptick in a person’s credit score, there is a 32% drop in the likelihood of them divorcing. “Couples with the lowest initial average scores are two or three times more likely to separate than the couples with the highest average scores, and…
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