People are More Embarrassed of their Credit Score than their Age or Weight

In a recent Washington, DC study conducted by the National Foundation for Credit Counseling, study participants were asked to rank things they’d be embarrassed to admit and given five categories from which to choose. In addition to credit card debt, the options included age, weight, bank balance, credit score or none. The thing these consumers ranked as most embarrassing to admit was their credit card balances. See the actual stats in the article link above. Coming in a strong second was their credit score. I found this surprising as I’d much rather talk about my credit than my (advancing ) age, for example. But I am not typical. Are you?

A spokesperson from the NFCC explained the significance of he study as follows: “Since consumers revealed that the two facts they’d be most embarrassed to admit are related to credit, it is obvious that they are not comfortable with how they are currently managing their money.”

 

Comments

[rjs]

none of the above...

i'm 66, 150 lbs, have less than $20K in my bank account, have no credit card balance or other debt, and have no clue what my credit score is and dont care cause i never borrow nor do i ever intend to...

[Stewart Law]

I can understand someone not wanting to talk about credit scores as it is an indication of personal responsibility (you pay your bills).