Sign up for our FREE Monthly Email Newsletter
In addition to keeping in the financial know, you may be interested in checking your credit score and report.
¹The credit scores provided under the offers described here use the Equifax Credit Score, which is a proprietary credit model developed by Equifax. The Equifax Credit Score and 3-Bureau scores are each based on the Equifax Credit Score model, but calculated using the information in your Equifax, Experian and TransUnion credit files. The Equifax Credit Score is intended for your own educational use. It is also commercially available to third parties along with numerous other credit scores and models in the marketplace. Please keep in mind third parties are likely to use a different score when evaluating your creditworthiness. Also, third parties will take into consideration items other than your credit score or information found in your credit file, such as your income.
²The Automatic Fraud Alert feature is made available to consumers by Equifax Information Services LLC and fulfilled on its behalf by Equifax Consumer Services LLC.
³Equifax Credit Report Control™ is only available while you have a current subscription to Equifax Complete Premier. Locking your credit file with Equifax Credit Report Control will prevent access to your Equifax credit file by certain third parties, such as credit grantors or other companies and agencies. Credit Report Control will not prevent access to your credit file at any other credit reporting agency, and will not prevent access to your Equifax credit file by companies like Equifax Personal Solutions which provide you with access to your credit report or credit score or monitor your credit file; Federal, state and local government agencies; companies reviewing your application for employment; companies that have a current account or relationship with you, and collection agencies acting on behalf of those whom you owe; for fraud detection and prevention purposes; and companies that wish to make pre-approved offers of credit or insurance to you. To opt out of such pre-approved offers, visit www.optoutprescreen.com/.
4We will require you to provide your payment information when you sign up and we will immediately charge your card $4.95. After that, we will charge the card $19.95 for each month you continue your subscription. You may cancel at any time; however, we do not provide partial month refunds.
Equifax® is a registered trademark and Equifax Complete™ Premier is a trademark of Equifax, Inc. © 2014, Equifax Inc., Atlanta, Georgia. All rights reserved.
Lenders use your credit score to predict your risk as a borrower when you are in the market for a new credit card or a loan. But on a few online dating sites, potential suitors have been using credit scores to calculate a different type of risk—the risk of heartbreak.
Online dating sites like creditscoredating.com and datemycreditscore.com have received media attention for the niche services they offer to singles looking for love on the Internet. To be a member of creditscoredating.com, for example, you must post your credit score range. Then you can search for potential dates by their credit scores.
“Too many relationships fall apart because of finances,” says Niem Green, owner of creditscoredating.com, which launched in 2007 and now has more than 10,000 users.
By asking members to select their credit score range (with some members choosing to post the actual score in their profile), the dating site helps its members achieve financial responsibility and compatibility in their relationships, Green says.
Creditscoredating.com works like most other online dating sites. Users sign up and then create profiles with their personal characteristics and interests. However, the site ups the ante by bringing credit scores into the mix.
“We can have a conversation about anything, but as soon as we bring credit into it, you know I’m serious,” Green says, adding that the site caters to singles who are looking for more serious and long-term relationships.
Often, people who have had their credit or financial lives ruined by previous significant others want to be sure off the bat that they’re dealing with someone who’s financially responsible.
“I would like to have at least a ballpark idea of someone’s credit score,” says Ben R., from Phoenix, Ariz. “I might worry if it’s extremely low.”
On the other hand, credit score dating might not be the path to romance for everyone.
“It’s a niche,” says Eric Resnick, the owner and lead dating coach at ProfileHelper, which helps online daters create profiles and communicate with love interests.
“Are there people who want to check into [credit score]? Absolutely,” Resnick says. “There will always be people who need that level of reassurance on who they are dating before they really start meeting.”
Other daters aren’t concerned. Jessica D., a 27-year-old woman from Chicago, says she would not want to know someone’s credit score before starting to date because the information is none of her business.
“People can have bad credit scores for a number of different reasons—it doesn’t always mean they are financially irresponsible,” she says.
If you’re looking for love, now may be a good time to pretty up your credit score for your potential mate. Even if you’re loving the single life, it can’t hurt to get your financial house in order.
Although there is no magic remedy to fix your credit score, consider these five tips to make your credit more attractive to potential mates (and lenders):
1. Pay your bills on time.
Your payment history is one of the factors that helps determine your credit score, so it’s important that you stay on top of your bills. Paying bills in full and on time should reflect positively on your credit history. Remember that one delinquent payment that is 30 days late can remain on your credit report for up to seven years.
2. Pay off debt.
If you have any collections or credit card debt, make a financial plan so you can get it paid off as quickly as possible. The debt-to-available-credit ratio is another factor that impacts your credit score—it’s more positive to have a high ratio of available credit to debt. By paying off some of your current debt, you may open up some of your available credit.
3. Look for new credit opportunities.
You may have a lower credit score if you have a small credit file, meaning that you don’t have much credit or your credit history is short. You don’t want to take on debt you don’t need, but you can build a more positive credit report if you open more lines of credit. Consider opening a retail, gas, or low-interest credit card in order to build a positive credit history.
4. Check your credit report regularly.
It’s important that you regularly check your credit report so you know where you stand. Doing so can help you keep track of any debts that need to be paid down, collections that need to be paid off, or inaccurate information that needs to be corrected. You are entitled to one free credit report each year from each of the three national credit reporting agencies through annualcreditreport.com. To access your credit score, you will need to pay about $9.
5. Correct any errors.
Inaccuracies in your credit report, such as if a credit company has not correctly reported your payments, could impact your credit score. If you spot an error when reviewing your credit report, you can dispute the error with the credit reporting agency. At Equifax, you can file a dispute online, by mail, or by phone. You can also directly contact the creditor involved with the error to resolve the dispute.
Cleaning up your credit file will take a little work, but following these tips may help you snag the mate—or the credit score—of your dreams.
What about you: When do you want to know your future mate’s credit history?
Joslin Woods is a researcher, writer, and Web producer at Think Glink Publishing, with a background in print and digital media. Previously, Joslin worked as a news reporter for the international news agency Agence France-Presse and as a freelance reporter for the Sun-Times News Group. She is a graduate of Vanderbilt University and holds a master’s degree in journalism from Northwestern University.
The information contained in this blog post is designed to generally educate and inform visitors to the Equifax Finance Blog. The blog posts do not give, and should not be assumed to provide, personalized tax, investment, real estate, legal, retirement, credit, personal financial, or other professional advice. Before making any financial decision, you should always consult with the appropriate professionals who can explain your options, rights, and legal responsibilities, and advise you on any tax, legal, credit, or business implications that may result from those decisions. The views and opinions expressed by the authors of blog posts are their own views and may not be the views or opinions of Equifax, Inc. and/or its affiliates.
Equifax maintains this interactive forum for education and information purposes in order to allow individuals to share their relevant knowledge and opinions with other members and visitors. We encourage you to participate in discussions about personal finance issues and other topics of interest to this community, but please read our commenting guidelines first. Equifax reserves the right to monitor postings to the forum and comments will be published at our discretion. Do you have questions or comments about your Equifax credit report or customer-service issues regarding an Equifax product? If so, please contact Equifax directly. All opinions and information expressed or shared in blog comments are solely those of the person submitting the comments, and don't necessarily represent the views of Equifax or its management.