Credit Histories as a Selection Tool

Abstract

This study focused on the relationship between credit score and personality and how assuming personality characteristics based on credit information is not a valid selection procedure. Previous research demonstrates little to no relationship between the two, but further research is needed to fully understand their relationship. Correlations between personality scales and credit scores were tested. Individually, there were no relationships between the scales and credit score. When combined, there was a marginal relationship between the scales and credit score. Two scales, Self-Efficacy and Dutifulness, were statistically significantly related to credit score. Findings of this study help demonstrate the weak relationship between personality and credit score. Future studies should try to use more reliable personality measures and consider using more objective data when looking to demonstrate a relationship with credit score.