How Your Credit Score Affects Your Health

by Stacy Tharp 5. September 2012

Having a good credit score is important. We all know that. We’ve all seen the commercials, been told who checks our scores and why, and heard horror stories about what can happen when you have a bad credit history. (But if you’d like a refresher on credit scores, read Credit Scores: GPAs for Adults.) But what if I told you that having poor credit can have adverse effects on not just your financial life, but also on your health?

Before I begin to explain my reasoning behind this claim, it is important to note that I am not a doctor, nor do I have a medical degree, nor have I ever considered attempting a medical degree. That was a career path that I was able to quickly rule out after nearly passing out in high school Biology class while attempting to dissect the organs of farm animals…but that’s a story for another day. (Stay tuned!) I DO, however, have the ability to perform some skillful research! So with that, I’d like to share some of my findings.

Stress

Calls from creditors or collection agencies, realizing that you are spending more money than you’re making, waking up each morning in fear that this will be the day that your water or electricity will be turned off, an unexpected and costly emergency for which you are financially unprepared. These are all examples of situations that could easily leave you in a perpetual state of stress. According to Psych Central, long-term stress can cause high blood pressure, susceptibility to infection, slow recovery from illnesses and possibly even diabetes.

Health Insurance

Since many employers check their potential employees’ credit scores, having a low credit score can make it difficult for you to find a job. If you can’t get a job because of your credit score, besides having something to add to the list of things that can cause you stress, you won’t be able to take advantage of low health insurance rates that companies often provide for their employees. You may be forced to purchase insurance with high premiums, high deductibles, and/or limited coverage. Having sub-par health insurance might lead you to try to avoid visits to the doctor’s office, which of course could lead to the possibility of medical issues not being properly addressed.

Emotional Health

According to Daily Finance, overspending can be connected to such emotional states as avoidance, depression and low self-esteem. Overspending can in turn lead to a low credit score due to high credit card balances. These emotional states are most likely a cause, rather than an effect, of overspending. According to Advantage Credit Counseling Service, having a positive mental outlook is essential for effective debt management.

If you have experienced any of the symptoms or behaviors I have mentioned, it is essential that you talk to your doctor for an accurate diagnosis.

If you have difficulty managing your debt, here are a few things you can try:

Be sure to teach your children at a young age how to be financially responsible, and maintain that good credit score yourself, if not for financial reasons, then for your health!

If you found this article useful, be sure to check out these related articles:

True or False? Five Myths About Credit Scores Unveiled

Four Things the Easter Bunny Taught Me About My Credit

How I Graduated Debt-free from College

A Photographic Tour of Baltimore's Star-Spangled Sailabration

by Stacy Tharp 2. July 2012

The Star-Spangled Sailabration celebrated the bicentennial of the War of 1812 and the writing of the Star-Spangled Banner. From 1st Mariner Bank's Canton branch and headquarters, we had a fantastic view of the tall ships and naval vessels sailing into the Inner Harbor, as well as the U.S. Navy Blue Angels practicing their aviation acts. Here are some shots taken by a few of our talented employees.

 

 

 

 

 

 

One of the first naval ships sails its way into the harbor. Hello, Sailors!

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tall ships from all around the world graced us with their presence during the Sailbration.

 

 

 

 

 

 

 

 

 

 

Uh oh...are we under attack?!

 

 

 

Nope, that's just the Urban Pirates Family Adventure Cruise...whew!

 

 

 

 

 

 

 

 

 

Beautifully lit tall ships at night.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Passing by Fort McHenry.

 

 

 

 

 

 

 

 

 

The American flag of 1812.

 

 

 

 

 

 

 

 

 

 

 

 

Hello, Canada!

 

 

 

 

Zipcars only? We may have a problem...

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The U.S. Navy Blue Angels zoom around the harbor in impressive formations...and they are only practicing here!

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The U.S. Navy's "Leap Frogs" parachute team in action.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The Leap Frogs come to a graceful landing in Patterson Park.

 

The 1st Mariner Bank team wishes you a safe and happy Independence Day! Be sure to read Tricks to Throwing a Budget-friendly Barbeque if you are planning a cookout!

Heat, Storms and Power Outages: Were You Prepared?

by Stacy Tharp 2. July 2012

A fallen tree causes severe damage to an Arlington, VA home.

With local temperatures blazing into the three-digit range, this large-scale power outage couldn't have come at a worse time. Now, three days after the storms that caused the outages, many are still without power, and it could be several days before power is restored. The freak storm winds knocked trees not only into power lines, but also into cars, homes and other buildings. This isn't the first time we've seen a natural disaster cause such damage and distress, and unfortunately, it won't be the last time.

At this point, the best thing you can do is ask yourself, "Was I prepared for this?" If the answer is no, it's time to prepare yourself for next time. Take a look at your current auto and home insurance policies. Do you have all the coverage you feel you need? Would you be covered by damages caused by natural disasters? If you do have all the coverage you feel you need, it is still important to shop around and gather quotes from different companies every so often to be sure you are getting the most competative rates.

Are you one of the unlucky millions without power? Whether you are lucky enough to be reading this from your air conditioned home, or if you are sitting in your running car, reading this from your phone as it is charging, everyone should take a look at these gadgets that are helpful during power outages. One of our favorites from this list: a solar cell phone charger (so you don't have to keep your car running).

How is your food situation right now? If your power has been out for three days, do you have to throw out everything in your fridge? Here is a great guide to which foods are safe to keep and which should be discarded.

With this severe weather, your best solution to staying safe from the heat is to escape to a place that has air conditioning (shopping mall, movie theater, friend's house, etc.) When you are at home, stay in the lowest level of your home where it will be the coolest, and drink lots and lots of water, even if you aren't thirsty.

Here are some additional power outage and heat safety resources:

And once you know you are safe:



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