Can credit scores predict success of a marriage?

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  • Enough is enough! Saint George, UT
    Oct. 4, 2013 10:34 a.m.

    The summer after high school junior year all our four children were taken to the bank to open a checking account on which I (mom) was a cosigner so I could oversee. They were also issued a debit card. They learned how to write checks (although it wasn't many), balance a checkbook, use a debit card and record transactions in their check register. They also learned a valuable lesson on safeguarding these items.

    They all attended a university in another city and thanked me many times for "forcing" them to learn financial skills during high school. Many of their fellow university students were clueless. During college, they each obtained a credit card and learned to use it wisely, i.e. paying off every month. This taught restraint and living with their means, but also established good credit.

    Our frugal attitudes rubbed off on our children. Although we COULD have bought them anything in the world, we did not. However, we GAVE them the world, taking them to foreign lands. We have been thanked by our children over and over again for not indulging them with meaningless materialistic stuff and for providing educational/travel opportunities.

  • gee-en Salt Lake City, UT
    Sept. 30, 2013 11:08 a.m.

    I'm not 100% sure, but I believe you can start to work on your credit and credit score way before 18.
    I financed a $300 bike purchase when I was 14 and I believe the financier reported to credit agencies. I'm certain he would have reported me had I not stayed current on my payments :-)
    I believe there are ways for parents to put down teens as authorized users on credit cards, which would get reported to credit agencies. (maybe only certain cards do this)
    I believe having a steady job/source of income before 18 would also contribute to good credit although, admittedly, it is just a good precursor to getting credit, so not really a direct factor.
    Can anyone confirm or deny what I have written?
    I would really like to teach my kids as early as possible about credit and the proper uses of it. Maybe even get their credit accounts started as early as possible since length of credit accounts is one of the main determining factors of a good credit score.

  • happy2bhere clearfield, UT
    Sept. 30, 2013 10:22 a.m.

    Since a person can begin to get credit at 18 years old, I wonder if in high school there is enough information, or even a class, on just how important credit is in being able to a function in America today. Id much rather have students understand that bad credit can rule one out many job opportunities for them than to have them being taught useless stuff from the touchy feely PC curriculum. Plus, it is not uncommon for a person to do a background check on a potential partner, marriage or business, and bad credit is definately a red flag.

  • Daniel Leifker San Francisco, CA
    Sept. 30, 2013 10:03 a.m.

    I once worked with a man who went through a messy divorce, met a woman at a bar, and then married her two days later. The morning after their marriage she told him, in a rather casual way, that she was going through a very complicated bankruptcy. He was not amused.

  • dskimmer Salt lake City, UT
    Sept. 30, 2013 9:55 a.m.

    So would raising one's credit score also contribute to a better marriage?