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Many consumers don’t understand these 5 basic credit score concepts, survey says

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gdale6
Moderator Emeritus

Many consumers don’t understand these 5 basic credit score concepts, survey says

On Monday, the Consumer Federation of America (CFA) and VantageScore Solutions, LLC, released their 10th annual consumer credit survey.

 

https://www.cnbc.com/select/cfa-and-vantagescore-consumer-credit-survey-results/

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Anonymous
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Re: Many consumers don’t understand these 5 basic credit score concepts, survey says

"Only 33% of those surveyed said that they know a credit score measures the borrower’s risk of not repaying a loan, while 14% thought it measures the borrower’s knowledge or attitude toward consumer credit."

 

You mean I have been waiting in vain for them to send me my "Increase Your Credit Score" test in the mail?

And no wonder I could not find the 'Kudos' button to raise my credit score.

Smiley Mad

 

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