Could your credit score be the secret to happiness?
It turns out that having a handle on your credit worthiness can have a positive impact on your money behavior, overall sense of self — and even your love life.
Nearly three-quarters of those who checked their scores more than seven times in a year said that such frequent — some might say compulsive — reviews changed their behavior for the better, according to a new survey by Discover. And even more said their score improved during the year.
"There's a strong correlation" between checking your score and improving your credit behavior, said Laks Vasudevan, a vice president at Discover. "You gain a better understanding of what factors into a score. It's that understanding and awareness that helps you manage and maintain good credit."
Alternatively, nearly one-third of consumers said they have not checked their credit score at all in the last year, according to a separate survey by WalletHub.