Credit Score Awareness Climbs, But Gaps Remain

First, the good news: In the past year, consumer knowledge about credit scores improved significantly, including awareness of how scores are calculated, the importance of checking them, what represents a good score, and what service providers use these scores.

But most consumers still don’t know how much they can be penalized for bad scores, what things can lower their scores, and what a waste of money it is to buy credit repair services — which tend to over-promise, over-charge, and perform services consumers could do themselves. Read more…

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