Credit Repair for Engaged Couples and Newlyweds
Thank you CreditRepair.com for sponsoring this post. CreditRepair.com’s team understands that a credit score is not just a number; it's a lifestyle.
When you decide to share your life with someone, you agree to share everything, including in many cases, your finances.
Through good times and bad times, you have to learn how to tackle the ups and downs of life and the surprises it throws at you, especially when it comes to money.
Finances have been known to be a source of stress in many relationships, so it's important to be open and honest with your partner about money so you can be on the same page as you enter into your marriage.
I know how important it is to have a good credit score when building a life with someone, and how finances can impact a relationship. As someone who has been married and divorced, this is something I don't take lightly.
Money isn't everything, but being financially stable and also making sure you're both clear on what you want out of life are some of the best ways to build a strong foundation for your lives together. I'm happy to be sharing this important topic with the help of CreditRepair.com, and I'd like to use this as an opportunity to encourage you all to broach these critical financial conversations with your partner before you tie the knot!
Whether you're recently engaged or approaching the big day, there are several super-important subjects that you should be prepared to speak with your partner about. Not only should you make sure your vision for your lives align with one another, but you should also be upfront, and transparent about your respective financial situations.
Whether that's settling down, buying a house and starting a family or building something together so you can travel and work remotely, it's important to dream and consider what you both want for your future together before you say I do.
Financially, beyond crunching the numbers to set your wedding budget, you should also be sure to discuss income, investments, and other assets you're each bringing into the marriage.
On the flip side, you'll also want to clearly disclose any debts as well as one very important number: your credit score.
These topics are crucial to making sure that you are on the same page, both where values and finances are concerned. Knowing these things upfront can help you to formulate a proper game plan to attack any outstanding debts or put the work in to rebuild your credit with help from credit professionals such as CreditRepair.com.
Why is it important to share my credit score with my partner?
Your credit score can impact your collective buying power. If the two of you are hoping to buy a house together soon after the big day, it's important for both of you to have healthy credit scores so you can get the best possible interest rate for your mortgage. Even a tiny fraction of a percent in your interest rate could save you thousands of dollars over the course of your loan, so it's actually a really big deal.
If you don't have the best credit score ever, it's totally something you can work on and improve with time. The best course of action here is to be honest with your partner and make a plan to tackle it together. Life happens, but bad credit isn't forever!
You can rebuild and repair your credit with the help of resources like CreditRepair.com– a leading provider of credit repair services in the US. Their team of credit professionals can educate and empower individuals to achieve the credit scores they deserve. (Much like we aim to educate and empower couples to plan beautiful weddings on an affordable budget– so I really like that approach!)
If you tackle these situations together as a couple, not only will you help build a solid foundation for your future, but you'll also grow closer through striving for a shared goal. Working together in this way can truly strengthen your relationship as you move toward the future you've dreamed of together and can actually make it a reality!
Don't let bad credit be a barrier to the life you've dreamed of
Personally speaking, I know what it's like to have to hustle to get out of debt and to have to work hard to raise a credit score. For years, my husband and I worked diligently to rebuild credit scores we had damaged in our college years. We did it all on our own, but I can't help but wonder how much quicker we could've gotten into good standing if we'd had some professional guidance.
Thanks to some strong discipline in managing our money and monthly bills, we eventually got our credit up to great standing. We kept ourselves on a pretty tight leash financially speaking, but it ended up serving us well. Having strong credit scores made qualifying for our first home, applying to purchase a new car, and renting an apartment in NYC much less stressful propositions.
Things don't always go according to plan, but life goes on
Unfortunately, even though we were able to work together reasonably well as a team, my marriage ultimately broke down for a variety of other reasons. So last year in the midst of some major career-defining moments, including the publication of my first book, I also went through the heartbreak of divorce.
Though it was a painful process from an emotional standpoint, thankfully I've been able to navigate the transition with minimal damage from a financial perspective. I've always been a saver, and I'd already put in the work on my credit score that afforded me with the option to live and work independently.
Post-breakup, I decided to make the most of my credit savvy and took the plunge into location independent living. I've built a more flexible lifestyle via lowering my costs of living with the ability to work online from anywhere. The remote life definitely isn't for everyone, but it's been the realization of a dream for me. These changes have led to new adventures, discoveries, self-improvement, healing, and ultimately– new love. I wouldn't have been able to have these experiences or make it work financially without the help of a good credit score.
Having good credit opens up your possibilities and freedom in ways you might not expect. If you're able to charge responsibly and pay your statements off monthly, using rewards credit cards can be a game-changer. Many popular options can actually save you money and get you some great perks in the form of travel or other rewards.
So when Good Morning America came calling for me to share some of my savvy wedding tips on the show, I didn't have to think twice about booking a trip back to the states. Thanks to the points I've earned throughout the year, I was able to snag a free hotel stay to offset some of my costs while traveling.
From earning free flights to cashback bonuses and utilizing airport lounge access, the perks I've earned via my rewards cards have proved to be incredibly valuable. For anyone who loves to travel, the potential perks alone are a worthwhile reason to improve your credit score ASAP!
Create a healthy relationship with your partner and your spending
As you look into your future in terms of getting married and beginning your lives together, I hope you'll take this seriously. Share your money stories and struggles with your partner so you have the best chance of getting on the same page as quickly as possible.
When I think about my own future and building a life together with my current partner, I take comfort in knowing that our visions for life are the same, and we've been completely transparent about our finances with one another. Building and maintaining great credit together will open up so many opportunities to live a life of financial freedom with less stress and more chances for the adventures we both desire.
If I can offer any advice to the currently engaged, it's this: strive to build a healthy relationship with your spouse, your money, and your credit scores so you can work together to achieve your personal (and financial) dreams.
Start your journey towards credit excellence today by connecting with the specialists at CreditRepair.com!
Want to find out how CreditRepair.com can help you improve you and/or your partner's credit scores? Click the button below to check out their platform and your personal online dashboard where you can track, analyze, and monitor your credit to get you where you want to be.