Latest Resource Packet and Twitter Chat on Credit Score Knowledge

The latest resource packet on credit score knowledge is now available to help you, your family, and your friends better understand the importance of credit scores and its impact on your financial life. The packet includes a sample article, social media content for the next five weeks, as well as tools and resources.

Download the Resource Packet

Don’t forget: Today at 3 PM EST/12 PM PST, America Saves (@AmericaSaves) is pleased to take part in #CreditKnowledge Twitter Chat with Vantage Score and the Consumer Federation of America. We’ll be discussing the recent findings of the 2014 Credit Knowledge Survey, suggesting millennials know less about their credit scores than adult Americans. Follow @VantageScore, @ConsumerFed, and @AmericaSaves on Twitter, and join the conversation here or use #CreditKnowledge to join the conversation.

In the packet you'll find Tweets through the month of July, as well as this sample blog post... 

Test Your Credit Score Knowledge with CreditScoreQuiz.org for a Chance to Win $500

Your credit score can affect many parts of your financial life. And while the large majority of consumers have basic knowledge about credit scores, there are a few knowledge gaps according to the Consumer Federation of America’s latest survey findings:

  • Only 42 percent know that a credit score measures the risk of not repaying a loan rather than factors such as knowledge of, or attitude to, consumer credit.
  • Only half of consumers (50%) understand the three instances when lenders who use generic credit scores are required to inform borrowers of the credit score used in the lending decision – after application for a mortgage loan, whenever an application for a consumer or mortgage loan is rejected, and whenever the best terms, including lowest interest rate available, are not offered on a consumer or mortgage loan.

To encourage more individuals to increase their credit score knowledge and complete the quiz at CreditScoreQuiz.org, Vantage Score and Consumer Federation of America (CFA) are offering those who complete the quiz the opportunity to enter a drawing for a $500 gift card.

Download the resource packet for the full article.

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