AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.

New survey reveals wide ignorance of credit scores.

Knight Ridder/Tribune Business News

| September 22, 2004 | COPYRIGHT 1999 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

By Jessica Lowell, Wyoming Tribune-Eagle Knight Ridder/Tribune Business News

Sep. 22--CHEYENNE, Wyo. -- If you apply for a loan, bank or credit union officials will probably look at your credit score.

If you're looking for a job, your employer also may check your credit score.

Even with the growing importance of the credit score, a national survey released Tuesday shows that many people don't understand what credit scores are and how they are used.

"It's not just for those who are borrowing money, but for those who are buying insurance, seeking utility service or renting an apartment," Consumer Federation of America Executive Director Stephen Brobeck said…

Related articles from newspapers, magazines, journals, and more
CONSUMERS GAIN ACCESS TO CREDIT SCORES.(Score Power online credit score...
Magazine article from: Mortgage Banking May 1, 2001 700+ words
...SAN RAFAEL, California, and Equifax, Atlanta, have announced their launch of Score Power[TM], the only online credit score delivery service for consumers that delivers Fair, Isaac's FICO credit risk score. Consumers also receive their Equifax...
Credit score disclosure: Federal legislation would demystify credit scores....
Magazine article from: Builder Guido, Daniel Walker November 1, 2001 700+ words
...require disclosure of consumer credit scores. Linda M. Johnson, a spokesperson...act. Called the Consumer Credit Score Disclosure Act of 2001...disclosure of a consumer's credit score when a prospective home buyer...model used to determine their credit score. Why does ...
Experian Study Reveals Relationship Between Auto Loans and Credit Scores;...
Press release article from: PR Newswire August 18, 2004 700+ words
...or lease affects consumer credit scores. Nationwide and statewide...credit file. The average credit score for those with a repossession...purchase or lease a car, their credit score becomes a big part of their...best way to maintain your credit score." The Experian ...
Something Brokers Like Passes: CA Credit Score Disclosure Bill.(bill SB 1607...
Magazine article from: Broker Magazine September 1, 2000 700+ words
...the disclosure of credit scores. The bill, SB 1607...affect the consumers' credit scores. Lee Adler, director...will not allow in the credit scores the inclusion of any...that if a numerical credit score is generated by either...
Experian Study Finds U.S. Consumers With at Least One Open Mortgage Have Higher...
Press release article from: PR Newswire May 17, 2004 700+ words
...nationwide study on the effects of mortgages on consumer credit scores. Nationwide and statewide results can be found on the Experian...profiles. The Index is formulated using Experian's consumer credit score model, called the PLUS Score. Experian's PLUS Score is...
The Score On Credit Scores: Knowing when not to have the applicant try to...
Magazine article from: Broker Magazine Fogarty, Mark July 1, 2005 700+ words
...be able to qualify for the HELOC! Fair Isaac totes up the credit score (with some variations) according to the following weights...credit inquiries. Lenders can make the most impact on a credit score in the "amounts owed" category, Ms. Ferguson advised...
Credit Score Tune-Up: Like tweaking an automobile engine to improve its...
Magazine article from: Broker Magazine Steele, Georgia November 1, 2006 700+ words
...demystifying and enhancing credit scores for consumers. And by making...rating agencies withheld credit scores from consumers, although...simulator to improve their credit scores. By making hypothetical...each decision effects their credit score. David Chung, interim ...
Credit Score Tune-Up: Like tweaking an automobile engine to improve its...
News wire article from: Mortgage Line Steele, Georgia December 22, 2006 700+ words
...demystifying and enhancing credit scores for consumers. And by making...rating agencies withheld credit scores from consumers, although...simulator to improve their credit scores. By making hypothetical...each decision effects their credit score. David Chung, interim ...
Taking the Mystery Out of Your FICO Credit Score; Your Credit Card Companies...
Press release article from: PR Newswire March 21, 2005 700+ words
...their credit scores. Credit scores are one of the leading...lending decisions. FICO credit scores range from 300 to 850...percent of Americans have credit scores of 661 or above. Such...adversely affect your credit score while you're shopping...
Credit reports and credit score in hiring decisions: is it a good idea? This is...
Magazine article from: Westchester County Business Journal Gross, Karen May 8, 2006 700+ words
...Consider two job candidates. One has a credit score of 720 and a credit report showing little...a graduate student, has a better credit score than I do (by some 40 points). Since...considerable credit. My point: a good credit score may not indicate whether someone is...
For more facts and information, see all results

Source: HighBeam Research, New survey reveals wide ignorance of credit scores.

©2010 Gale, a part of Cengage Learning. All rights reserved. About us | FAQs | Contact us | Privacy policy | Terms and conditions
Other Gale sites: Encyclopedia.com | HighBeam Research | Acquire Content | Books & Authors | Goliath | MovieRetriever | Smart QandA

The AccessMyLibrary advertising network includes: womensforum.com GlamFamily