credit score: Credit Scores Remain Misunderstood
- 10/23/08 01:25 PM
Too many consumers still don't get it when it comes to credit scores. And what you don't know about credit scores can hurt you when it's time to buy a home -- especially in a tight credit market. Only 28 percent of consumers are aware they need at least a 700 credit score to qualify for a low-rate mortgage. Three of every four consumers incorrectly believe that credit scores are influenced by income. And even more, 79 percent, erroneously believe that credit scores can be obtained for free once a year. (They're probably thinking about their credit report, instead.) Those are … (0 comments)
Too many consumers still don't get it when it comes to credit scores.;)
;)
