Impatient People Have Lower Credit Scores, Study Finds

ScienceDaily (Dec. 2, 2011) — Is there a psychological reason why people default on their mortgages? A new study, which will be published in an upcoming issue of Psychological Science, a journal of the Association for Psychological Science, finds that people with bad credit scores are more impatient -- more likely to choose immediate rewards rather than wait for a larger reward later.