You haved worked HARD for what you have. Over the years, you've bought and paid for a few cars(s), have your own home and you're rewarded with a good FICO score of 700 PLUS for your efforts.
You've met someone and they LOOK great, SOUND great and the two of you are REALLY vibing. You've been dating exclusively for a couple of months now, ... and then one night, the topic turns to fiscal responsibility. He/She tells you "Well, I've had a couple of car repos, I've got maybe $10k in bad credit card debt, and some other shyt... so my FICO score is around 400... But, if we get married, I can change all of that!"
So, would you take that step down that aisle or not?
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13 comments:
I would really have to treat that issue like a business venture. I would have to see their assets and liabilities, I would need to see/hear their long term and short term financial plan/ideas. I would take into account the situation surrounding their repo (anything more than 1 is just irresponsible). If you are $15+K in debt, having a FICO score of <500 and you planning vacations and trips, you aren't showing me very much financial responsibility. We don't have to stop dating, but marriage is gonna be postponed until you realize that your credit is going to give us some crazy interest rates. Now on the opposite, if you have that huge debt, low score but you are making strides to reduce your debt and improve your score, I can work with you.
My husband was in that situation when we got married. Maybe it was selfish of me but we never had joint accounts. And everything was in my name. So his debt was his debt and still is. Hmm maybe thats why we are getting divorced we never joined anything. And I second what EasyRider said for future partners.
NO .. Easy you said it babe!!! I ain't paying for your tricking!!!
I think that life happens and sometimes there are things beyond your control and sometimes repair. I would be looking at what has been going on with you financially for the past few years as well as what you're doing currently and what plans you have for the future. When I married the first time, I had excellect credit and he did not. So, everthing was in my name which did not work out for me when we separated. Overall, each person in a relationship needs to share the same respect for money and credit. It has been a long road and I am slowly recovering but I will never put myself in that position again.
Why would anyone willing want to inherit someone else's debt. Unless I'am making Oprah's monie than HELL 2 DA NO..... Well unless he is Tyrese, Blair Underwood, Denzel and etc..... In that case SH** they can GET IT ALL. HOLLA AT YA GIRL.
so Kim it is safe to presume you have no debt, correct?
If your willing to make the change to update your score and trying your best.... I would have to yes I could comment to that... But you still ballin out of control and act like you dont have a care in the world then hell no....
I mean we all have debt student loan #1
I can't agree B utiful because if you have been doing well these past few years you should be reaching into the past to clean up your mess. Your name is all you have.
Yes, I have been reaching into my past to clean up some of the mess...but my education and student loans came after that. Make no mistake, I'm not looking for someone to take care of me, I got that covered. I'm just saying everyone has hit hard times and if you havent keep living....
I have a debt but do not expect no one to take care of it for me. It is called being Responsible.
Kim I agree with you..
My theory come correct or at least with a good plan to fix your debt.
Kim gotta question for you. Considering your answer if a man told you that he didn't want you in his life for the exact reason you are giving..would you really thing it's all ok?
Real life is we all have debt period. I agree with EASY!!! I will take into consideration what is going on with you as a whole. Then I will look at how you are handling yourself and your finances. Are you trying to correct the damage or are you continuing on the same distructive path.
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