Dating App : Fintech Neon Money Club, which aims to “inject financial awareness into the fabric of everyday life,” is using the free service as a marketing tool. Does Credit Match or Love Match?
How Credit Score Work? How Dating App Needs It.
According to financial platform Neon Money Club, having a good credit score can help you not only get a car or apartment loan but also possibly get a date The company made a daring move when it released “Score,” a dating app that is only available to people with good credit, which is defined as 675 and above(An 850 is considered to be the perfect score; however, very few people achieve anything close to that.)
A new dating app just launched today … but there’s a catch:
you must have at least a 675 credit score to use it – Tech Crunch pic.twitter.com/pIWz4cIdwH
— Evan (@StockMKTNewz) February 12, 2024
Neon Money Club’s co-founder and CEO, Luke Bailey, stated that financial conversations need to go beyond conventional forums. In an interview with TechCrunch, Bailey emphasized the antiquated strategies for promoting financial literacy and said, “We need to take the conversation to areas where finance isn’t traditionally discussed.” Getting people’s attention is necessary before you can educate them. We’re starting talking about dating with Score.
Even though discussing money can be awkward, it’s a necessary part of many relationships. Compatibility in this area is crucial because financial concerns are frequently mentioned as the main reasons for divorce in the United States.
The company cited a Federal Reserve study to support its claim that people with higher credit scores are more likely to commit to long-term relationships.
At the moment, Score does not charge users for either signing up or using its matchmaking service. That’s quite a difference from bigger dating services like Tinder, which has an elite member subscription level of $499 per month, and Match.com, which charges between $22 and $38 per month.
A soft credit check is performed by the website on potential members; this has no bearing on your rating. In the unlikely event that your credit score is rejected, Score will provide you with tools for raising it as well as a recommendation for the credit-building service Grow Credit.
Users are not required to open a Neon Money Club account in order to sign up for Score, and when they are matched, they won’t find out each other’s credit score. (The scores themselves aren’t taken into account when matching people, so someone with a 675 credit score can still be paired with someone who has a nearly perfect score.) Also Matches are made based on mutual interests, not credit tiers.
However, in order to find your true love, you’ll need to share interests as well as discuss topics other than money matters.