People prioritize finances more than you may think when it comes to finding a love interest.
A recent survey done by Mogo out of Vancouver reveals credit scores are a factor when it comes to finding a partner.
In fact, 67 per cent of participants favour someone with a great credit score over those with “model good looks.”
Mogo, a Canadian financial technology brand, released the study on Friday.
They said, even though people want to see their partner with great credit, 87 per cent are willing to help them get there, through encouragement and advice, that is.
"Your credit report is your financial report card and your credit score is your grade. Together, they show if you've got your life together," said Chantel Chapman, a financial fitness coach with Mogo, in a statement. "Let's say you're in a relationship with someone and you want to buy a house together. If your credit rocks and theirs sucks, that might not bode well for your future together.
“You're probably not—and you shouldn't be—picking a partner based on their net worth, but it is important to be aligned with someone who has habits and goals that are on your level."
Through the Mogo survey, which they launched in 2015, they found interesting connections between romance and finance.
They said they were partially inspired by recent Federal Reserve Board research examining the link between credit trustworthiness and trustworthiness in relationships.
They asked questions like, "Do you know your significant other's credit score?" and "If you found out your partner had bad credit, what would you do?"
First of all, half of people admitted to not knowing their partner’s credit score.
A whopping 40 per cent of participants think you should know your partner's credit score before you move in together, 20 per cent think you should know before buying a home, and 15 per cent think you should know before getting married.
Chapman suggests talking about money sooner, rather than later. She also said you can looks for signs of bad credit, like if they get a lot of phone calls that they don't answer in front of you, or are really disorganized.
She also reminds people that big earners may not have great credit, because it’s all about money management.
For the most part, it’s not about numbers, it’s about financial values, and Chapman said a credit score can be a great indicator of that.
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