SOURCE: FreeScore


March 02, 2010 14:55 ET

Just 33% of Americans Who Understand Credit Scores Know That Credit Scores Can Change 5+ Times per Year

February 2010 Survey of 1,000 U.S. Consumers Revealed That 77% of American Claim to Understand Credit Scores; Yet Just 33% of Them Know That a Credit Score Can Change Five or More Times per Year

NORWALK, CT--(Marketwire - March 2, 2010) -  A February 2010 survey of 1,000 U.S. consumers revealed that 77% of American claim to understand credit scores. Yet just 33% of them know that a credit score can change five or more times per year. 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+.

Those with incomes that exceed $75,000 have a slightly greater awareness that a credit score can change five or more times per year.

Other results of the poll reveal that, of the population that understands credit scores, men are more aware that credit scores can change frequently. Thirty-eight percent of men believe scores can change 5+ times in a year versus only 29% of women.

In addition, 35-to-54-year-olds have a higher awareness that credit scores can change five or more times per year.

Age 18-34 35-54 55+
Believe credit scores can change 5+ times in a year 26% 37% 32%

Also, consumers who have more recently checked their scores are not more aware of how often scores can change (35% for those who recently divorced vs. 31% among those who haven't checked their scores in the past year).

According to Carrie Coghill Kuntz, Director of Consumer Education for, "Knowing the factors that can change your score is an obvious first step to improving it. Begin to educate yourself about the factors by going to informative websites like or the Federal Trade Commissions credit information website. In addition, you can check your credit report from each of the major bureaus one time every 12 months at the government site 3 credit scores and reports 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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