By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Health Works CollectiveHealth Works CollectiveHealth Works Collective
  • Health
    • Mental Health
    Health
    Healthcare organizations are operating on slimmer profit margins than ever. One report in August showed that they are even lower than the beginning of the…
    Show More
    Top News
    mosquito misting spray to fight malaria
    Avoid Malaria with Mosquito Misting Systems
    June 12, 2023
    Medical Surveys
    Beyond the Clinic: Medical Surveys Are a Roadmap to Passive Income for Doctors
    September 23, 2023
    Glutathione
    What Are The Benefits of Glutathione?
    January 22, 2024
    Latest News
    6 Easy Healthcare Ways to Sit Less and Move More Every Day
    September 10, 2025
    7 Most Common Healthcare Accreditation Programs: Which Should You Use?
    August 20, 2025
    Hospital Pest Control and the Fight Against Superbugs
    August 20, 2025
    Hygiene Beyond The Clinic: Attention To Overlooked Non-Clinical Spaces
    August 13, 2025
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
    Policy and Law
    Get the latest updates about Insurance policies and Laws in the Healthcare industry for different geographical locations.
    Show More
    Top News
    Tips for Older Travelers
    April 14, 2012
    Anti-RUC Suit Challenges Process for Setting Doc Pay Scales
    October 25, 2011
    Math Matters: Dosing Errors Can Be Deadly
    May 1, 2012
    Latest News
    Healthcare at a Crossroads: Why Leadership Matters More Than Ever
    September 9, 2025
    How Social Security Disability Shapes Access to Care and Everyday Health
    August 22, 2025
    How a DUI Lawyer Can Help When Your Future Health Feels Uncertain
    August 22, 2025
    How One Fall Can Lead to a Long Road of Medical Complications
    August 22, 2025
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: The Muddled Relationship Between Your Health Initiatives and Credit Score
Share
Notification Show More
Font ResizerAa
Health Works CollectiveHealth Works Collective
Font ResizerAa
Search
Follow US
  • About
  • Contact
  • Privacy
© 2023 HealthWorks Collective. All Rights Reserved.
Health Works Collective > News > The Muddled Relationship Between Your Health Initiatives and Credit Score
NewsWellness

The Muddled Relationship Between Your Health Initiatives and Credit Score

Ryan Kh
Ryan Kh
Share
8 Min Read
financial health
Shutterstock Licensed Photo - By Lifebrary
SHARE

  When you start trying out new diets or other health fads, you will discover that there are a lot of things to keep in mind. One thing that you probably neglected to consider is the relationship between your diet and credit score.

The Confusing Relationship Between New Health Practices and Your Credit Score

You probably never thought that trying a new diet could affect your credit score. Or that your credit score could affect your health. Here are some things to think about:

  • When you try a new diet, skincare treatment or other health fad, you might end up subscribing to an auto-billing company. This could hurt your credit if you aren’t tracking your payments.
  • A poor credit score could make it more difficult to finance these health endeavors.
  • A bad credit score can hurt your health by creating lots of stress.

You need to make protecting your credit score a priority. Don’t compromise your credit score for a new diet, because your health will suffer down the road too. You also need to be careful about spending lots of money on fad diets. Your credit score is a rating which purports to show companies how responsible you have been when borrowing money in the past. While it is commonly understood that credit card companies, auto lenders or mortgage brokers will check your credit score before offering you a loan, that is not the only instance where your credit score can matter. There are a variety of less obvious reasons your credit score may be checked, and some of them just might surprise you. Common Reasons Your Credit Score Is Checked Your credit score is dictated by a variety of factors, including how many accounts you have open, your payment history with creditor accounts and the percentage of credit available to you which you have used. The better you rate in each factor the higher your overall score will go. Not all factors are weighted equally, however, with measures such as the number of open accounts you have mattering significantly less than your payment history, for example. Here are the top reasons your score is likely to be checked. Applying for Credit Anytime you are trying to open a new line of credit you should expect to have your credit score run. Whether you are applying for a million dollar home mortgage or a $200 credit card, your lender will run your score and use it to determine your suitability for the amount you are requesting. The higher your score the safer you are to lenders, and the larger limits you are likely to be granted access to. Renting a Home or Apartment Although renting may not seem like a credit situation, you are being handed over access to a home worth more than your deposit amount, so many landlords will use a credit score to assess potential renters. While a low score can potentially deny your application, some landlords extend the importance of credit even more by offering decreased deposit options for higher scores. Connecting to Utilities Some utility companies will also check your credit to ensure you are making regular payments before they take you on. This is most notable in situations where you are opting to lease a piece of technological equipment, such as signing up for an internet company which includes a modem or router on a monthly basis. Applying for Jobs An employer is not allowed to run a credit check on you without your permission, however, some companies will request the opportunity and may hold it against you if you decline. Because some companies tie personal financial responsibility to at-the-office responsibility, raising your score may even help you to land a job which otherwise would have eluded you. Enrolling in Insurance One surprising area where a higher credit score can help you is when applying for auto insurance. Some insurers have found a correlation between high scores and fewer accidents, so if you can show a high credit score you may be entitled to a discount on your coverage. The Basics of Repairing Your Credit Score Credit recovery is usually a slow process, but that just means you should start as soon as possible, not that you shouldn’t even bother. Here are the basic keys to improving your credit score. Check for Errors The good news is that it’s possible, even if it’s not probable, that your score may be artificially lowered by inaccurate information. Sometimes two people with the same name can have their credits report on the wrong account, and identity fraud can occur to anyone. If you have negative marks that you didn’t cause you can dispute them to see them removed. Make Your Minimums The biggest factor in getting a better score is showing that you will pay it back. That means you should do everything you can to make your monthly payments with every lender. As you develop a track record of this your scores will rise. Lower Your Utilization Having access to a lot of credit can be good for your score, but only if you aren’t using it all. The less of your credit you are using the better, so try to pay off debts and raise your limits to make the percentage drop. Keep Your Oldest Accounts It can be challenging to have a strong credit score if you don’t have a long credit history. If you have an old card and close the account you may accidentally damage your account by shortening your credit history. Instead, as long as it is not costing you fees, you are better off leaving it open but with a $0 balance. Your credit score can impact your life in ways you don’t even notice, and if you aren’t careful you may just be causing long term harm without realizing it. The best way to make sure that you don’t have any unfortunate credit surprises when you really need it is to start fixing it immediately. You’ll be glad when the time comes to apply for a mortgage or your dream job and you have a sterling score to show off.

TAGGED:health initiatives
Share This Article
Facebook Copy Link Print
Share
By Ryan Kh
Follow:
Ryan Kh is an experienced blogger, digital content & social marketer. Founder of Catalyst For Business and contributor to search giants like Yahoo Finance, MSN. He is passionate about covering topics like big data, business intelligence, startups & entrepreneurship. Email: ryankh14@icloud.com

Stay Connected

1.5kFollowersLike
4.5kFollowersFollow
2.8kFollowersPin
136kSubscribersSubscribe

Latest News

a woman walking on the hallway
6 Easy Healthcare Ways to Sit Less and Move More Every Day
Health
September 9, 2025
Clinical Expertise
Healthcare at a Crossroads: Why Leadership Matters More Than Ever
Global Healthcare
September 9, 2025
travel nurse in north carolina
Balancing Speed and Scope: Choosing the Nursing Degree That Fits Your Goals
Nursing
September 1, 2025
intimacy
How to Keep Intimacy Comfortable as You Age
Relationship and Lifestyle Senior Care
September 1, 2025

You Might also Like

NewsWellness

Advances in Thyroid Care

November 17, 2017

CEO and Founder of French Breast Implant Company Wanted by Interpol

December 25, 2011
Home HealthWellness

15 Great Ways To Make Your Home Healthier This Fall

September 11, 2019

Can WellPoint Make P4P Work? !Good Idea!

February 1, 2012
Subscribe
Subscribe to our newsletter to get our newest articles instantly!
Follow US
© 2008-2025 HealthWorks Collective. All Rights Reserved.
  • About
  • Contact
  • Privacy
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?