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Americans don't understand credit scores

10:19 AM  Pisstol Aer   Labels: ,
"Between one-quarter and two-fifths of consumers can't answer basic questions about their credit scores, and many believe that age and marital status affect their scores, according to a survey by the Consumer Federation of America and VantageScore Solutions. By failing to understand credit scores, people "have little incentive to manage the real things that truly do make a difference, such things as paying bills on time, keeping credit card balances low, and not taking out unnecessary loans," said Barrett Burns, president and CEO of VantageScore." Retirement Security SmartBrief, May 14, 2013. For details: http://www.americanbanker.com/issues/178_92/study-shows-widespread-ignorance-on-credit-scores-1059067-1.html
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Americans don't understand credit scores
Americans don't understand credit scores
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