What your Zodiac sign says about your finances


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Can someone’s astrological sign tell us about their approach to finances? Researchers at LendingTree decided to have a little fun by averaging certain debt characteristics from credit reports based on people’s Zodiac sign. At the very least, it’s a great jumping-off point for talking about the different ways people handle debt and finances – and what they can do to improve. 

The bottom line is that each sign’s averages aren’t all that different from one another, and that there are people within each sign who have stellar (no pun intended) credit histories. Meanwhile, others within those groups are really struggling. In other words, this article is just for entertainment purposes and the advice within applies to everyone, not just those of a particular sign.

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1. Aries

Aries demonstrates that some people can incur substantial amounts of debt while handling it responsibly. On average, people born between March 21 and April 19 owe over $40,000. We hope that the almost $8,000 of that that’s on credit cards is being carried on no interest balance transfer cards instead of the usual higher interest ones.

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2. Taurus

Tauruses carry the lowest average credit card balance, but that’s only $232 less than Aries, the sign with the highest average credit card balances. (OK, $232 is a lot of money when you have bills to pay.) The bull’s credit profile demonstrates that even people who don’t take on a lot of debt can have trouble paying their bills on time.

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3. Gemini

Geminis tend to keep their debt balances low and their credit scores high relative to the other signs. Even so, these numbers have definite room for improvement. For example, in an ideal world, all credit cards would be paid off every single month so that no interest is accrued.

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4. Cancer

Cancers don’t have the most extreme debt profiles, but their average statistics demonstrate how a credit score can suffer from adverse factors. Credit scores play a pivotal role in determining what kinds of credit people can access, as well as how much they pay for that debt. Bumping that score isn’t as overwhelmingly difficult as many consumers believe.

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5. Leo

Leos seem to have problems managing their credit cards (among other things). They don’t have quite the highest credit card balances among the signs, but they DO tie for highest credit utilization, which means that they come closer to maxing out their available credit. Having a credit utilization greater than 30% (in other words, carrying a balance of more than $30 for every $100 of your credit limit), is one of the key factors that can bring down a credit score.

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6. Virgo

Virgos are tied with Leos for having the highest credit utilization and latest payments. On average, they also tie with Scorpios for lowest credit scores. This shouldn’t come as a surprise, given that late payments and high credit utilization are two of the biggest things that can knock a person’s credit score. People who have lost this much control of their credit use are often good candidates for debt consolidation.

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7. Libra

Libras are represented by the scale, which may explain why their approach to debt tends to be so balanced. This sign has the highest average credit score among all the signs, thanks to excelling at timely bill payment. That might come easier for Libras because they tend not to run up a ton of debt compared to other signs, although they don’t shy away from debt, either.

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8. Scorpio

Scorpios would probably have higher credit scores if they could pay their bills on time. There are a lot of apps that can help people take control of their bills (or even forget about them) through auto-pay. People who have trouble keeping track of everything might find that a bit of free technology goes a long way in relieving bill stress.

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9. Sagittarius

Sagittarians aren’t so hot on credit cards, but they sure seem to like other kinds of non-mortgage debt. Non-mortgage debt generally includes things like credit cards, car loans, student loans and personal loans. All of these loans (except credit cards) are usually taken at a fixed interest rate and paid back in regular installments. How much interest people pay on these loans depends on a few factors, but borrower credit scores are a big one.

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10. Capricorn

When we say that Capricorns could manage their debt and credit profiles better, we really mean that most Americans could manage their debt and credit profiles better. For good or ill, debt is fact of life for most adults who want access to the basic building blocks of the American Dream: Reliable cars, secondary educations and a home. That means that it’s crucial to understand how best to use debt – and the cheapest way to borrow money.

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11. Aquarius

On average, Aquarians carry the lowest non-mortgage debt of any sign: About $1,000 less than Sagittarians. Yet their credit utilization is high, and it looks as though they are also carrying balances month to month. Their minimum credit card payment is generally equal to the calculated monthly interest on that balance plus one percent of the principal balance. Since interest rates are much higher than one percent, paying the minimum means paying much more in interest than in paying off that original balance.

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12. Pisces

Pisces take on a lot of debt compared to most other signs, but they’re pretty moderate in terms of paying their bills and keeping their scores at a decent level. Of course, consumers should try to keep their debts as low as possible, but for those who need to take on debt, the key is to pay as little for that debt as possible while making sure that its monthly bills are manageable. After all, a higher interest rate means paying more for the exact same thing another person bought with a lower interest rate. Keeping scores high, shopping around for loans, and loan consolidation or loan refinancing are all ways to take charge.

This article originally appeared on LendingTree.com and was syndicated by MediaFeed.org.

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