In May of 2007 CFA and Washington Mutual conducted a study on consumer awareness of the credit scoring system. The study showed how little consumers really know about their own credit.
Here are some of the interesting results from this study:
| Understood that their credit score would increase when they paid off large balances | 65 % |
| Understood that married couples don’t have combined scored | 57% |
| Understood that maxing out revolving accountwould hurt their scores | 56% |
| Knew that there are more than one score | 45% |
| Were able to name the three major CRAs | 23% |
| Believed their income affected their score | 74% |
Obviously consumers aren’t too aware of how their credit really works. This is even one more reason your services are so vital to helping them have healthy credit.
P.S. DisputeSuite provides a variety of solutions for your credit repair business. From engaging custom websites, to dispute processing services, to a robust CRM with automations and portals, DisputeSuite is a One-Stop Shop to making your Credit Repair Business A Success! Let’s chat today to discover the best plan for you: 727-877-6812 or support@disputesuite.com
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