Can your lifestyle hurt your credit?
Lenders might be monitoring your behavior via your credit card spending -- and certain purchases could cost you.
What you buy and where you shop may affect your credit scores.
As credit card companies continue to tighten their lending standards on card users, some are using purchasing data -- gleaned from millions of card transactions processed daily -- to weed out who may or may not be good credit risks.
Have you used your credit card at merchants specializing in secondhand clothing, retread tires, bail bond services, massages, casino gambling or betting? Your credit card issuer
may be taking note -- and making decisions about your creditworthiness based on your purchasing behavior. Buying used clothing or retread tires, for example, may be an indication of financial distress and a preamble to missed credit card payments or defaults.