Wednesday, May 16, 2012

Gaps Persist in Americans

Gaps Persist in Americans Credit Knowledge
The majority of Americans don’t fully understand how credit scores are formulated, according to a survey released by the Consumer Federation of America. That gap in knowledge can cost them when applying for a mortgage too.

While the survey showed a big improvement in the last year in the number of Americans knowledgeable about credit and how companies collect credit information on them, Americans overall still don’t fully understand how credit scores are calculated or used. to read more click on the link above....

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