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Financial Deal Breakers

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ScoreSensei
New Member

Re: Financial Deal Breakers

It's interesting how financial compatibility is such a big deal in relationships these days.

Message 21 of 28
kczchwcz
New Visitor

Re: Financial Deal Breakers


@ScoreSensei wrote:

It's interesting how financial compatibility is such a big deal in relationships these days.



Women in the U.S. couldn't open bank accounts without a male co-signer until 1974, so to me, it makes sense that the issue of financial compatibility wouldn't start bubbling up until a while after that.

Message 22 of 28
Horseshoez
Senior Contributor

Re: Financial Deal Breakers


@kczchwcz wrote:

@ScoreSensei wrote:

It's interesting how financial compatibility is such a big deal in relationships these days.



Women in the U.S. couldn't open bank accounts without a male co-signer until 1974, so to me, it makes sense that the issue of financial compatibility wouldn't start bubbling up until a while after that.


Sorry, gotta call B.S. on that; my grandmother was widowed during WWII and opened many bank accounts, and started several businesses on her own before she ultimately got remarried in the late 1960.  Then there was my grandmother's sister, never married, had several bank account dating back to the depression.

Chapter 13:

  • Burned: AMEX, Chase, Citi, Wells Fargo, and South County Bank (now Bank of Southern California)
  • Filed: 26-Feb-2015
  • MoC: 01-Mar-2015
  • 1st Payment (posted): 23-Mar-2015
  • Last Payment (posted): 07-Feb-2020
  • Discharged: 04-Mar-2020
  • Closed: 23-Jun-2020

 

I categorically refuse to do AZEO!

In the proverbial sock drawer:
Message 23 of 28
Thomas_Thumb
Senior Contributor

Re: Financial Deal Breakers

The equal credit opportunities act of 1974 ensured single, divorced and widowed women had the right to get bank accounts without a male cosigner. It also ensured women could get credit cards in their own name.

 

There was no law that said a bank could not provide women with bank accounts prior to this time. They just were not required to do so without cosign.

 

 

Fico 9: .......EQ 850 TU 850 EX 850
Fico 8: .......EQ 850 TU 850 EX 850
Fico 4 .....:. EQ 809 TU 823 EX 830 EX Fico 98: 842
Fico 8 BC:. EQ 892 TU 900 EX 900
Fico 8 AU:. EQ 887 TU 897 EX 899
Fico 4 BC:. EQ 826 TU 858, EX Fico 98 BC: 870
Fico 4 AU:. EQ 831 TU 872, EX Fico 98 AU: 861
VS 3.0:...... EQ 835 TU 835 EX 835
CBIS: ........EQ LN Auto 940 EQ LN Home 870 TU Auto 902 TU Home 950
Message 24 of 28
IsambardPrince
Established Contributor

Re: Financial Deal Breakers


@Citylights18 wrote:

Article on Yahoo talking about how personal loans are a big detail in dating.

 

https://www.yahoo.com/lifestyle/comes-dating-earning-less-30-091144167.html

 

I guess I'm not seeing how someone having a personal loan is a big turnoff. Personal loans are usually for very productive reasons. 


Discover reached out to us with an offer today.

 

Apparently, you can get a personal loan to cover vanity plastic surgery, adoption, and IVF, but not a car that can get you to work and back and bring home food.

 

Very productive loans.

Message 25 of 28
IsambardPrince
Established Contributor

Re: Financial Deal Breakers


@FireMedic1 wrote:

Hi. My name is FM1. You are? Nice to meet you. Your very attractive. Single? Why yes. Would you like to go have lunch one day on the beach? Sure! Noon at Joes Crab Shack? Sounds great! Bring your MyFICO 3B report. 750's your in. 500's. Had a great date. Nice company. Had fun. Next. Smiley Very Happy

cs.JPG


I was bankrupt when I got married. Bankrupt and facing legal problems.

 

I'm better now. You know, if my spouse had judged me based on one moment in my life, they would have tossed a perfectly good man away who has always had their back and made sure that they got everything they needed and built us both up.

 

Not everything is what it looks like.

 

You can come across a person who has an 850 FICO that's a complete......Psycho? The High FICO Psycho. Turns out the guy is a gigantic fake and a con man who is living on debt and it all comes unraveled soon after you marry. Smiley Happy

 

It's not unheard of.

 

A year before that mess I had an 806 FICO and nothing going wrong. What if we met then? Would I pass at that point? A year later my FICO score was 492. Today it's 711. I mean, these are just numbers that can end up anywhere depending vaguely on what's going on that moment.

 

The way a lot of people care about their FICO is temporarily while they spend a few years sweeping everything under the rug to get a mortgage and then it all goes bad again.

 

It doesn't surprise me that as people fail financially a lot, their FICO scores have never been higher.


Every year, things get worse and FICOs get higher. Why?

 

Well, for one thing, the industry tried to spend forever making sure the consumer never knew what was on their credit report, or their score, or in a position to challenge anything. Now everyone knows more than ever about what goes into a score and can get regular credit updates and sit there and watch it and dispute things, and work the system so it looks like they're effectively managing trade lines.

 

I mean, Thufir Hawat in Dune (1984) said, "The first step in avoiding a trap, is knowing of its existence." Back in the day, if someone said something bad about you on your credit report and it was wrong, you didn't even know it was there or how to fight it.

 

Today, even with my bankruptcy crap, I went down the list going "This is wrong, that's wrong, that's illegal, this is wrong. That's wrong."

 

Lenders put down a lot of sloppy things on negative information, including incorrect removal dates, illegal post-bankruptcy reporting, you name it. And it has absolutely increased my credit score to fight back and make them correct it.

Message 26 of 28
IsambardPrince
Established Contributor

Re: Financial Deal Breakers


@Thomas_Thumb wrote:

The equal credit opportunities act of 1974 ensured single, divorced and widowed women had the right to get bank accounts without a male cosigner. It also ensured women could get credit cards in their own name.

 

There was no law that said a bank could not provide women with bank accounts prior to this time. They just were not required to do so without cosign.

 

 


Yeah, the United States has basically been the Republic of Gilead within my mother's lifetime, and the last elements of that were disappearing when I was a child.

 

Some people want that to come back. I won't name names, but you know who you are.

Message 27 of 28
John-J-Schmidt
Frequent Contributor

Re: Financial Deal Breakers

Where's my dinner

"All horizontal surfaces shall soon be filled" "All vertical surfaces shall have horizontal surfaces attached"
Message 28 of 28
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