Before you launch a business with a new partner, you might want to check out his or her credit score. Often a gauge used by banks to determine a borrower's creditworthiness, the credit score might also prove a good proxy for other kinds of relationsips too.
Indeed, a new study published by the U.S. Federal Reserve Board found that one's creditworthiness can indicate a person's trustworthiness and commitment to "non-debt obligations." While the study, as noted in Quartz, mainly tracked committed romantic relationships, the findings could easily translate to business relationships too.
The researchers analyzed the correlation between credit scores and the success of committed relationships, identified by two individuals living together for at least a year. Much like business partners, cohabiting couples share many economic and financial responsibilities.
The study concluded that people with similar credit scores tend to form committed relationships, and couples with high credit scores tend to stay together longer.
In fact, the likelihood of separation during the second year of a relationship drops by 30 percent for every 93 additional points in a couple's initial average credit score. And an initial difference of more than 66 credit score points implies a 24 percent higher chance of separation within the second, third or fourth year.
So, the match quality and average level of credit scores between two individuals indicate whether a relationship will last. This is partially because they help to predict future credit usage and financial distress, which are associated with the success of a relationship. Credit scores also "reveal an individual's relationship skill and level of commitment."
In other words, the next time you decide to partner up, consider comparing credit scores to see if you're best suited for one another in the long run.