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.
You may have heard about “Credit Educator,” a new service from credit bureau Experian that offers one-on-one credit education by phone. For a cost of $29.95, consumers can speak with a specially trained Experian representative who can answer questions about the consumer’s credit score and report.
I’ve written about the topic before for CreditCards.com (check out “Experian gets personal to teach about credit, but it’ll cost you”), but more recently discussed the topic for U.S. News & World Report’s “My Money” blog.
Would you lie to your bank if it meant protecting yourself from identity theft?
Although some cardholders indicate they would stretch the truth to keep themselves safe — telling the bank a credit card was lost or stolen when, in fact, that wasn’t true — lying could actually end up hurting you, experts say.
An undisclosed number of HSBC bank customers apparently saw their credit scores briefly tumble because of a credit reporting error that occurred April 1.
This was no April Fool’s Day prank: Credit bureau Experian says an “isolated administrative error” altered the information on some HSBC customers’ credit reports. According to an MSNBC report, that “glitch” in Experian’s credit reporting “temporarily torpedoed an undisclosed number of consumers’ credit scores.” MSNBC added that HSBC customers who pay for credit monitoring services became aware of the error after they received alerts about a sudden fall in their credit scores.
Borrowers weren’t laughing.
Over the weekend, AAA told me that my credit card had been stolen.
Getting an e-mail from AAA — primarily known for roadside assistance, travel information and membership discounts — about my credit in itself wasn’t unusual. That’s because back in 2009, I signed up for the free credit monitoring provided through my membership with the Texas chapter of the automobile association.
As part of that monitoring, I receive monthly e-mails alerting me to any changes in my credit report. Typically, those e-mails indicate all is well.