Dream Wedding = Credit Score Nightmare?

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Your wedding will be one of the most important days of your life… and the most expensive. Many times, the cost of an extravagant engagement ring, followed by a blow-out wedding and a five star honeymoon can cost more than just money.   Couples who choose to spend more on these items are also often opting to charge their expenses on credit cards. Unfortunately, if you’re not able to pay the resulting bills on time, your credit score will suffer. With a lower credit score, you can count on higher mortgage rates, interest rates and other long term financial effects. So, is it worth it?   A recent survey conducted by myFICO examined couples’ views on financial management issues. The results reveal that while most know that credit is important, many are still charging … [Read more...]

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