Annual Survey Reveals That Low-income Consumers Are Most Likely to Seek Credit yet Know the Least About Credit Scores

WASHINGTON–(BUSINESS WIRE[1])–The tenth annual credit score survey, released today by the Consumer Federation of America (CFA) and VantageScore Solutions, LLC, shows that low-income households are most likely to apply for credit in the next 12 months. Yet, the survey also reveals that these households generally know much less about credit scores than households with higher incomes. The phone survey of...

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10th Annual Credit Score Survey to Be Released

WASHINGTON–(BUSINESS WIRE[1])–At a press teleconference at 12:00 noon Eastern on Monday, July 20th, the Consumer Federation of America and VantageScore Solutions will release the results of their tenth annual survey on consumer understanding of credit scores. The survey reveals surprising data about who intends to apply for credit in the coming year. These results are critically important given the extraordinary...

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Experian Offers Free Business Credit Report to Every Small Business in America and Free Access to New COVID-19 U.S. Business Risk Index

COSTA MESA, Calif.–(BUSINESS WIRE[1])–Experian®, the world’s leading global information services company, today announced that it will offer all American-owned small businesses free access to their Experian business credit report[2] from now until May 1, 2020, to help small business owners in need during the impact of the COVID-19 pandemic. By accessing a free business credit report now, small business owners...

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Defendants in FTC Credit Repair Scheme Case Agree to Settle Charges

The operators of a bogus credit repair scheme are banned from the credit repair business and subject to a wide array of other requirements under settlement terms with the Federal Trade Commission. The settlements relate to an FTC complaint filed in June 2019[1] alleging that the defendants targeted consumers with false promises of substantially improving consumers’ credit scores by claiming...

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