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Sun May 27, 2012, 05:11 PM

Credit score a mystery to many consumers [View all]

By Susan Tompor
Detroit Free Press

Is someone’s age going to stop them from getting a top-notch credit score? Will whether you’re married, divorced or single be figured into the calculation of a credit score? Does race influence the score?

Far too many consumers give the wrong answer and say ‘Yes’ to those questions. Many incorrectly believe that a person’s age, marital status or ethnicity can boost or ding a credit score, according to a survey of consumer knowledge of credit scores.

Why’s that a problem?

“These consumers may well think it’s not worth the effort to improve their credit scores,” said Stephen Brobeck, the executive director of the Consumer Federation of America.

He may have a point. If you think factors beyond your control heavily influence credit scores, you may not be as diligent about paying bills on time.

Read more here: http://www.miamiherald.com/2012/05/26/2818479/credit-score-a-mystery-to-many.html#storylink=misearch#storylink=cpy

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Reply Credit score a mystery to many consumers [View all]
mfcorey1 May 2012 OP
L0oniX May 2012 #1
Mosby May 2012 #2
Initech May 2012 #8
unblock May 2012 #3
CreekDog May 2012 #4
unblock May 2012 #6
mfcorey1 May 2012 #7
CreekDog May 2012 #10
mfcorey1 May 2012 #13
CreekDog May 2012 #14
mfcorey1 May 2012 #15
winstars May 2012 #22
high density May 2012 #16
unblock May 2012 #17
zeemike May 2012 #5
Robb May 2012 #9
demtenjeep May 2012 #11
Honeycombe8 May 2012 #18
winstars May 2012 #23
FreeJoe May 2012 #25
demtenjeep May 2012 #27
wendylaroux May 2012 #12
Honeycombe8 May 2012 #19
FreeJoe May 2012 #26
IDemo May 2012 #20
Honeycombe8 May 2012 #24
hunter May 2012 #21