Study reveals possible link between numeracy skills and credit scores - MSE News

Former_MSE_Callum

Consumers who are more confident with numbers are likely to have a better credit score than those who aren’t, initial findings of a study suggest...

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'Study reveals possible link between numeracy skills and credit scores'

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[Deleted User]

There is also a clear correlation between people with low Experian credit scores and those who believe in Experian credit scores.

[Deleted User]

LOL - this article must be a joke - right?

bxboards

Seems to as useful as one of those studies where scientists discover water is wet, or announce that dogs like their owners.

I do not think a site such as this should be promoting the credit score myth either, but that is another matter altogether.

MABLE

That has to be an early April fools joke. Just brilliant!

One-Eye

Martin's 15 things you need to know about credit scoring should now be extended:

16. Improve your numeracy.
A study by the University of The Bleedin Obvious has shown a clear correlation between poor numeracy and low credit scores.

Owain_Moneysaver

MSE_Callum wrote: »

Consumers who are more confident with numbers are likely to have a better

job, home, income, not buy shiny crap on weekly payments they can't afford to keep up ...

so of course they will have a better credit score.

If the study also revealed they are more likely to be taller and less likely to be obese that might be more interesting.

VT82

In other news, the Pope confirms that his religious practices are in accordance with the Four Marks of the Church, as expressed in the Nicene Creed of the First Council of Constantinople in 381 AD, and bears do indeed defecate in highly forested areas.

garth549

Hardly rocket science...

Someone who can add up and work to a budget is less likely to have debt problems. Shock horror.

Do people actually get paid to do this 'research'?

wavelets

So can we do away with credit reference agencies, and just give people who want credit a simple arithmetic test?
(no calculators, log books or slide rules required/permitted!)

:rotfl:

grumbler

I don't care about Experian's money, but it's a pity that some charity is wasting money on proving the obvious.

Both National Numeracy and Experian say they're going to work with other organisations to further explore the link and potential correlation between creditworthiness and numeracy.

Unbelievable!