BadCredit.org, the ultimate resource for people with bad credit, uncovers a connection between poor credit and mental health. GAINESVILLE, Fla.
, Oct. 31, 2024 /PRNewswire/ -- The latest survey from BadCredit.org , a leading financial resource helping those with subpar credit make informed decisions to brighten their financial future, found that 62% of respondents believe improving their credit score would boost their confidence and mental health.
The survey invited 500 adults in the United States to share thoughts on the impact a poor credit score has on their mental health, in addition to the financial behaviors or issues that unfold during periods of mental health problems. Survey Results Highlights: A constant theme throughout the survey was the negative side effects associated with those who indicated their low credit score causes mental health challenges for them. Examples include stress, anxiety, avoidance, fear, worry, embarrassment, and risky behaviors, to name a few.
Key findings include: An Impact on Mental Health: Nearly 49% of respondents indicated they have experienced stress or anxiety due to a low credit score, 46% admitted they avoid checking their credit score out of fear or worry, and 44% revealed they are embarrassed to talk about their score with others. This emphasizes that many consumers have felt the weight of poor financial health negatively impacts their mental health; creating an opportunity to expand resources that support financial wellness and me.