When you are falling in love it can be hard to see things straight. Everything is fun and exciting but as you move on and things get serious it is important to make sure that you both are financially compatible. Are one of you a saver and the other a spender, does one of you use credit cards while the other pays for things in cash, does one have debt and the other doesn’t. There are things that need to be determined when making a call for the long haul.
Financial disagreements are one of the main causes of divorce in this country and as you decide to make a life with someone their financial habits will eventually affect yours. Most married couples use both spouse’s income and credit to qualify for mortgages, auto loans, and credit cards. If one is more responsible than the other it can create headaches down the road and leave you in debt or unable to qualify for the most basic things.
As you fall in love, we recommend keeping a straight head, and not avoiding the difficult conversations. As you learn all the fun things about your partner learn also what their spending habits are, what debt they have, and what their credit score is. Also, don’t be afraid to take a look at yourself and be honest. You may find that you are the one with bad habits and bad credit that needs to be addressed. If you are unsure about your credit you can always consult a credit repair company. A reputable credit repair company can help you pull your credit reports and find out exactly what negatives and inaccuracies are impacting your credit score. Finding this out early can save you thousands of dollars in the long run and keep you from serious headaches and heartaches down the road.