Annual Survey Reveals that Consumer Knowledge about Credit Scores has Steadily Declined Over the Past Eight Years

Annual Survey Reveals That Consumer Knowledge about Credit Scores Has Steadily Declined over the Past Eight Years. Business Wire. June 10, 2019. The ninth annual credit score survey, released.

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The 2012 Consumer Financial Literacy Survey . Prepared For: The National Foundation for Credit Counseling. Though the likelihood of having a budget has not changed over the past 5 years, the proportion of adults who do not pay all. Though the proportion of adults who have ordered or received their credit score in the past 12 months has.

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The ninth annual credit score survey, released today by the Consumer Federation of America (CFA) and vantagescore solutions Home Loans In Pollok, LLC, shows that consumer knowledge about credit scores is at the lowest level in the past eight years. On most knowledge questions (as the enclosed table and charts show), correct scores declined by more than ten percentage points, and sometimes by more than 20 percentage points.

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Washington, D.C. – The ninth annual credit score survey, released today by the Consumer Federation of America (CFA) and VantageScore Solutions, LLC, shows that consumer knowledge about credit scores is at the lowest level in the past eight years. On most knowledge questions (as the enclosed table and charts show), correct scores declined by more.

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 · That figure has steadily risen in the last decade, from $20,000 in 2005. About 71% of bachelor’s degree recipients graduate with loans today, up from about 64% 10 years ago. Knowledge@Wharton.