Getting the Credit You Deserve, a New eBook

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Studies show that most consumers have some surprising misconceptions about how credit reports are used and what information is being tracked and considered when calculating their score. The financial educators at MMI are offering new tools and resources to help people get the credit they deserve.

So, you think you know credit?

MMI launches new eBook to help with understanding credit reports and scores

"As much as you think you know about credit reports, credit scores, and how both of those can impact your ability to purchase goods at a competitive rate, you probably don’t know the whole story," said Jo Kerstetter, VP of education and industry relations for MMI. "Truthfully, you’re not alone."

A 2013 survey commissioned by the Consumer Federation of America found that Americans have some surprising misconceptions about how credit reports are used and what information is tracked.

  •     Over 40 percent were unaware that their credit score impacts their ability to obtain certain lines of new credit, including home loans.
  •     Over 40 percent of respondents also incorrectly believe that factors such as age and marital status are used to calculate their credit score.
  •     Over one-third were unaware that co-signing on a loan would impact their credit score.
  •     More than a quarter of those polled were unclear on the actions they could take to positively or negatively impact their credit score.
  •     36 percent believe that credit repair agencies are a trustworthy way to increase credit score.

The unfortunate fact is that consumers aren’t required to learn how credit works before they start using it. There’s no required “Driver’s Ed” type training for borrowers, which means that a lot of consumers are introduced to credit and its impact through trial and error.

To help bridge that gap, the financial educators at Money Management International (MMI) created Getting the Credit You Deserve, a free downloadable ebook. This valuable financial education tool explains how credit reports are used and scored, and offers tips for building a strong credit profile.

Download a copy at

In addition, MMI offers Credit Report Review Counseling. Those interested in building better credit are encouraged to talk one-on-one with a credit counselor to gain a clearer understanding of their unique financial situation and personal credit reports and scores. To learn more, visit

About Money Management International
Money Management International (MMI) is a nonprofit, full-service credit-counseling agency, providing confidential financial guidance, financial education, counseling and debt management assistance to consumers since 1958. MMI helps consumers trim their expenses, develop a spending plan and repay debts. Counseling is available by appointment in brand offices and 24/7 by telephone and Internet. Services are available in English or Spanish. To learn more, call 800.432.7310 or visit

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Tanisha Warner
Money Management International
+1 (713) 394-3202
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