As the figure shows, the difference in credit scores narrows appreciably over the first 16 quarters of the relationship, from about 55 points to about 22 points. The convergence is mostly driven by an increase in the credit score of the lower score partner measured at the time of relationship formation.

How do you think having different credit scores can affect a relationship?

Research from 2015 by the Federal Reserve Board suggested people with the highest credit scores were most likely to form long-lasting committed relationships, and the bigger the discrepancy between a couples credit scores, the more likely the relationship will end within the first five years.

What do you think a credit score tells you about someones relationship to money?

A credit score basically tells potential creditors if youre paying your bills on time, the kind of credit youve acquired and the likelihood youll pay someone back in the future. While a lower credit score doesnt mean youre a bad person, it will trigger higher finance charges.

Is a 818 credit score good?

A FICO® Score of 818 is well above the average credit score of 704. An 818 FICO® Score is nearly perfect. You still may be able to improve it a bit, but while it may be possible to achieve a higher numeric score, lenders are unlikely to see much difference between your score and those that are closer to 850.

What is a bad credit score called?

But its definitions associated with each score range vary slightly. A VantageScore from 601 to 660 is considered fair, from 500 to 600 is poor, and from 300 to 499 is very poor .What Is a Bad Credit Score?FICO® Score RangesCredit ScoreRating300 - 579Poor580 - 669Fair670 - 739Good2 more rows•29 Jul 2019