Only 56% of Consumers With a High School Education or Less Know What a Credit Score is.

Share Article

Consumers across all education levels are less aware of what a credit score is. Less-educated consumers show a 14% drop from Q1 to Q2.

A survey of 1,000 U.S. consumers 18+ revealed that the less educated have less knowledge and awareness of a credit score. The results reported in the Second Quarter 2010 Consumer Credit Score Awareness Study shows that 56% of consumers with a High School education or less know what a credit score is, versus 72% of consumers with at least some college – a 16 point spread and a 22% difference.

Further while both a January and April 2010 a drop in credit score awareness among all education levels. Consumers who had a high school education or less showed the greatest drop with a 14% decrease in awareness.

The Study results compared January and April online polls of 1,000 Americans ages 18+. Full results below:

Fact:                         Q1            Q2    
1. Awareness of credit scores increases across education levels:                    
    High School or Less            65%            56%        
    Some College                72%            71%            
    College and Higher            77%            73%        

2. Those with higher educations are more likely to know that the credit bureaus are responsible for assigning credit scores:
    High School or Less            76%            64%
    Some College                77%            74%
    College and Higher            79%            80%

3. With higher education also comes a greater awareness that there are 3 credit scores. In addition, only less educated consumers saw a decrease in awareness between quarters:
    High School or Less            34%            32%
    Some College                40%            42%
    College and Higher            49%            49%

According to Carrie Coghill Kuntz, Director of Consumer Education for, “The drop in credit score awareness among all groups is a disconcerting trend that must be combated through continued credit score education. However, the significant decrease in awareness for the less educated is a further detriment to an already vulnerable education group. In the financial world, knowledge is power. That’s why, regardless of formal education, it is critical to educate yourself about credit and credit scores.”

Ms. Coghill Kuntz suggests all consumers educate themselves about the factors affecting credit scores and reports by going to informative websites like the Federal Trade Commissions credit information website. In addition, check your credit reports from Experian, TransUnion, and Equifax once a year at the government site, or check your 3 credit scores and reports as often at

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

Lets Keep in Touch!
Become a Fan of FreeScore on Facebook
Follow Filbert, the FreeScore Credit Squirrel, on Twitter

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

The articles and information available are for educational and reference purposes only. They do not constitute, and should not be construed as, legal or financial advice. Any legal or financial principles discussed here are for general information purposes only and may differ substantially in individual situations and/or in different states or countries. For specific legal or financial advice, please consult a licensed attorney or a financial professional. FreeScore does not control or guarantee the accuracy of any information provided through external links from the articles on this website to any other website, nor does the FreeScore privacy policy apply to any personal information that may be collected via the external links.


Share article on social media or email:

View article via:

Pdf Print

Contact Author

Aaron Berger

Email >
Visit website