Are you a mean, no-good jerk? Then you are more likely to have a good credit score.
According to a study released Wednesday, people with bad attitudes tend to have higher credit scores, the numbers used by lenders to determine whether to loan money and how much interest to charge. Researchers from Louisiana State University (LSU), Texas Tech University and Northern Illinois University found a link between credit scores and consumers’ personalities.
As someone who’s lived in Texas for nearly five years, it’s bad enough to see studies that say the South is more impoverished and fatter than the rest of the country. Now data suggests we Southerners have the nation’s worst credit, too.
Recent data shows those U.S. cities with the highest average credit scores are all in the Midwest or North, according a map of the country’s highest and lowest VantageScores created by credit bureau Experian. Those cities the with lowest average credit scores, meanwhile, can often be found in the South, with five of the six lowest-scoring cities in two particular states: Texas and Louisiana.
Why is that? “It’s hard to say exactly why certain cities or regions of the country are faring better than others, but good credit scores are the product of having a strong credit history,” says Maxine Sweet, vice president of public education at Experian.
This morning, I got an e-mail announcing that I had been awarded six months of free credit monitoring as the result of class action settlement with credit bureau TransUnion. Check your inbox — you might have scored some free credit monitoring, too.