Finance tips from the Tinder Swindler

Finance tips from the Tinder Swindler
Image via
Adam Gault/Getty

Four Finance tips we can learn from Tinder Swindler

Don’t fall into debt like the women on Tinder Swindler. Here are tips to keep your finances in check, as learnt from the hit Netflix doccie.

Finance tips from the Tinder Swindler

Finance tips from the Tinder Swindler
Image via
Adam Gault/Getty

Tinder Swindler – the smooth-talking conman who scammed women into giving him large sums of money – has highlighted just how easy it is to be fooled when it comes to your finances.

And if you think it couldn’t happen to you, think again. Every day, people either take out loans for other people, or sign guarantorship for someone else’s loans.

But when it comes to borrowing money, there can be serious implications should you default on your payment.

“What few people realise is that it’s not only late or missed payments that put a dent in your credit score, or make lenders wary,” says Davina Myburgh, director of consumer interactive at TransUnion Africa.

“Taking out too much credit in a short space of time can be damaging to your credit rating, and your ability to get credit in the future. And if you’re taking out those loans for someone else, no matter what the reason, the risks to your financial health increase exponentially.”

Here are the top four finance tips we’ve taken away after watching Tinder Swindler.


There’s no problem with opening a new credit card, or taking out a revolving credit facility.

But if you suddenly open two or three new credit facilities in a short space of time, what you’re telling lenders is that you might be in financial trouble. At the very least, you’ll be attracting attention the next time you ask your bank for credit.


When you sign surety on a loan for a child or a relative (or someone you met on a dating app, à la Tinder Swindler), that debt can get you into trouble if they don’t meet their payments. You will be held accountable, and it will reflect on your credit report and affect your credit score negatively.

When you get around to applying for new credit yourself, lenders will view your guarantorship as part of your debt load.


Every time you apply for credit, the lender will draw a credit report on you – something known in the trade as a ‘hard’ enquiry.

Many people don’t realise that too many hard enquiries to check your credit worthiness can negatively impact your credit score as it can be seen as a sign of financial stress. Be aware, hard searches can often come from unexpected sources, like applying for a new cellphone account or requesting a credit limit increase.

A lender should tell you and request your permission before conducting this type of search, so make sure that you’re only applying for credit when necessary to avoid dragging down your score.

ALSO READ: ‘Tinder Swindler’: 5 Red flags of online dating you should never ignore


This is an obvious one, but needs go be emphasised. Never, ever give money to someone you are unfamiliar, no matter the circumstances.

Many con-artists will attempt to dupe you by spinning elaborate stories that play on your emotions . Like Pernilla Sjoholm from Tinder Swinder, you may believe you are “helping a friend in need”, but this could seriously backfire and even leave you bankrupt.