Survey Reveals Women Know Less About Credit Scores Than Men

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Even though 77% of Americans claim to know what a credit score is, women have less knowledge about credit scores than men.

A February 2010 survey of 1,000 U.S. consumers revealed that, even though 77% of Americans claim to know what a credit score is, women have less knowledge about credit scores than men. Fifty-two percent of men responded correctly that there are three credit bureaus (Experian, TransUnion, and Equifax) that provide credit scores. That compares to just 34% of women. Furthermore, 54% of women incorrectly believe that they only have one credit score, while 36% of men believe they have only one credit score.

The results are part of the First Quarter 2010 Consumer Credit Score Awareness Study*, a January 28–February 2, 2010 online poll of Americans ages 18+.
Other results between men and women revealed the following:

Fact                                                             Correct Answer by Percent of:          Men†     Women†
Credit bureaus assign credit scores                                                                     81%        74%
Credit scores can change 5+ times per year                                                     38%        29%
Understand difference between "hard" and "soft" credit inquiries             31%        23%
Correctly identify 4 key factors that affect a credit score                                 15%        15%

† Percentages within the 77% of respondents polled who claimed to know what a credit score is.

Four key factors that contribute to a credit score are:
1.    Payment history
2.    Current, outstanding debt amount
3.    Length of credit history
4.    New credit accounts and types of credit accounts in use

According to Carrie Coghill Kuntz, Director of Consumer Education for, "While men may have a bit more knowledge about credit scores and the key factors that can affect scores, the survey reveals that, overall, Americans have little knowledge about credit scores. Understanding what can affect your credit score is a necessity. Begin to educate yourself about the factors affecting credit scores and reports by going to informative websites like the Federal Trade Commissions credit information website. In addition, you can check your credit reports from Experian, TransUnion, and Equifax once a year at the government site , or you can check your 3 credit scores and reports as often as you wish at"

About is a service that provides consumers with access to their credit scores, reports and monitoring. For more information, go to

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*The data for the First Quarter 2010 Consumer Credit Score Awareness Study was collected through Survey Sampling International in Shelton, Connecticut. Results have a margin of error +/- 5%.

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Aaron Berger

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