Just before Valentine's Day 2024, Black-owned fintech company Neon Money Club launched Score, a dating app exclusive to those with high credit scores.
Details on the app's website reveal that those who sign up need a minimum 675 credit score to create a profile and possibly find love. While your exact credit score won't be listed on your profile for others to see, users will have the reassurance that everyone on the app has decent credit. Once accepted, lovers on the app can swipe left or right on other users regardless of their 675+ credit score.
In case you were interested, signing up for Score won't impact your credit score or credit bureau reports. Luckily, for all the hopeful lovebirds out there, Score's registration and usage are free.
That said, the app is only available for a limited time — a short 90 days post-launch — according to TechCrunch.
"SCORE is just one of the many rollouts we're doing to bring financial wellness to the table because the table itself is boring and outdated," said Jackie Liao, Neon Money Club CPO, in a statement. "We're beginning with love, and we're in good company. A recent Federal Reserve study recognized that individuals with high credit scores are more inclined to establish committed relationships."
"Financial wellness often takes a backseat. At Neon Money Club, our mission is to inject financial awareness into the fabric of everyday life. To achieve this, we have to take the conversation to places where it isn't normally discussed. 'Score' by Neon Money Club is our first major attempt at doing this," added CEO Luke Bailey. "' Score' aims to elevate the discussion around financial health, which has remained stagnant for decades."
For context, two of the United States' main credit report providers — Equifax and Experian — consider a 675 score to be "Good" credit. The range provided by the third primary reporter, TransUnion, considers "Good" credit starting at a 721 score.
In January 2024, Experian alleged that the average U.S. credit score, calculated using the FICO scoring model, was 715 in 2023. Gen Z, those aged 18-26, had the lowest credit score per age group, averaging a 680 score. Millennials had the second lowest, averaging 690. Information regarding the percentage of Americans with "Good" credit varies.
As Business Insider explained in a January 2024 article, the importance of credit scores in the U.S. is widespread and paramount. The outlet noted higher credit scores "tend to qualify for better interest rates on borrowed money, have access to the best credit cards, and can even pay less for insurance."
"You'll also have an easier time applying for an apartment rental," the source added.
Score has a Spotify playlist "curated to sprout, water and nurture connections" that includes Jill Scott, SZA, Mary J. Blige, Victoria Monét, Jhené Aiko and more. On the Neon Money Club's Instagram page, the company has posted several thought-provoking posts surrounding the intersection where credit scores and romance meet.
Are good credit scores vital to a romantic relationship's success? At what point in a relationship would you talk to a love interest about their credit score and tell them yours? Watch the posts below and leave your comments!
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