Foster City, Calif. (PRWEB) August 18, 2014
Almost 40 percent of Americans ages 50-64 have not checked their credit score in the past year, according to a new survey from WisePiggy.com. In addition, that portion of the baby boomer generation, which makes up almost one-fifth of the nation’s population, is most likely to have not checked their credit report in the past year, with 42 percent saying they had not done so in the last 12 months.
Overall, a third of the 2,000 people surveyed said that they had not checked their credit reports in the past year. Even more troubling, more than one out of every 10 surveyed said they had never checked their credit score.
“Being proactive about your finances starts with checking your credit score and credit report on a regular basis,” says Loryll Nicolaisen, WisePiggy.com managing editor. “It’s surprising to see how many people aren’t keeping an eye on their credit history.”
Here are the percentages of respondents who have not checked their credit report in the last year:
And those that have not checked their credit score in the past 12 months:
Knowing a credit score is one thing, but maintaining or improving a score can be as simple as paying bills on time and keeping low credit card balances, something that a quarter of respondents said they weren’t currently doing. Once again, baby boomers, many of whom are nearing or at the end of a mortgage term, were the most likely to take a passive maintenance approach.
The following are the percentages of people who have not taken any action to improve their score:
While Americans in their 30s are most likely to be on top of their credit situation, over a quarter of that population segment still is not monitoring their scores or reports with regularity.
“Monitoring your credit score and credit report are easy steps anyone can take to make informed money decisions and can also help stop identity theft before too much damage is done to your credit,” Nicolaisen says. “Services like WisePiggy.com, which provides your truly free credit score in addition to other valuable financial tools, are designed with that idea in mind. With WisePiggy, you can quickly see what’s happening with your credit report and score, which empowers you to take action should an issue arise.” Men were more likely to stay on top of their credit situation than women:
You can view the full article here: https://www.wisepiggy.com/credit_tutorial/credit_score/what-does-your-credit-report-say-about-you.html.
WisePiggy.com offers easy, fast and free solutions to consumers looking to track their credit score and make the most of their money. WisePiggy.com offers consumers free access to their TransUnion credit score. The site also features money management tips and tools, including the unique WisePiggy Report Card, a one-of-a-kind tool to guide consumers to a better credit score. This new site joins an award-winning portfolio of personal finance sites under the QuinStreet, Inc. (NASDAQ: QNST) brand - one of the largest Internet marketing and media companies in the world. QuinStreet is committed to providing consumers and businesses with information they need to research, find and select the products, services and brands that best meet their needs.