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Score, the brand new dating app from Neon Money Club, launched on Valentine’s Day, requires a minimal credit score rating of 675, emphasizing monetary consciousness in 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,” mentioned CEO Luke Bailey. “Score aims to elevate the discussion around financial health, which has remained stagnant for decades.”
Score surpasses typical relationship app requirements by mandating a strong credit score rating. Approved customers are paired with comparable people, and people needing credit score enchancment can entry assets from Neon Money Club for monetary literacy and rebuilding credit score.
The app, accessible for about 90 days, requires customers to use for entry. Upon signup, Neon Money Club conducts a mushy credit score verify, with scores not displayed on the app.
Approval grants entry to financially appropriate matches, no matter credit score tier, permitting customers to swipe left or proper.
The app’s exclusivity could stir controversy, contemplating the typical U.S. credit score rating is 716, with minorities extra more likely to fall beneath 640.
Based on Bailey, good credit score is aspirational, not classist, as excessive revenue doesn’t assure excessive credit score.
Rejected customers will obtain assets for monetary literacy and entry to credit-building providers like Develop Credit score.
Neon Money Club, established in 2021 to advertise monetary literacy, made historical past final yr as the primary Black-owned tech firm to launch a bank card with AMEX.