A good credit score is the key to buying a house, taking out a loan, applying for a credit card as well as many other important economic transactions. It is also, oddly enough, becoming a measure of one's dating and marriage potential.
Potential partners are becoming savvy to the importance of credit in a relationship. Men and women often ask each other for their credit scores on first dates, says Adam Levin of Credit.com. It’s important to know if something is wrong from the get go rather than waiting until after the honeymoon to learn of poor financial decisions, Levin notes.
But a low credit score does not necessarily mean an individual has been reckless with money. Anyone can lose their job and fall upon tough times, forcing them to put off credit card bills or default on a loan.
"Your credit score could be negatively impacted by situations beyond your control, you could have been been impacted by the economic downturn and laid off or there could have been an illness or death inRead More »from 7 Ways to Improve Your Credit Score