Consumer Knowledge about Credit Scores has Steadily Declined over the Past Eight Years · Consumer Federation of America
- Consistently making loan payments on time every month. A late payment may lower one’s credit scores by dozens of points.
- Using a small portion of the credit available on a credit card. In general, the higher the percentage of credit line that is drawn down, the lower one’s credit scores.
- Paying down credit card debt rather than just shifting it to another credit card or to a home equity loan.
- Regularly checking one’s credit reports to make sure they are error-free. This can be done for free annually by going to com[2] or by calling 800-322-8228.
The survey was conducted by the Engine Telephone CARAVAN survey, who on April 25-28, 2019, interviewed 1,002 representative adult Americans by landline or cell phone. The survey’s margin of error is plus or minus three percentage points.
Historical Results
References
- ^ Credit Score Quiz (www.creditscorequiz.org)
- ^ com (www.annualcreditreport.com)
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