FindLaw survey says nearly a quarter of Americans have never checked their credit report
Have you checked your credit report lately? According to a new survey by FindLaw, nearly one in four Americans has never looked at their credit report.
People with more income are somewhat more likely to check their reports.
However, a significant percentage of people even at the highest income levels say they have never checked their credit reports, including 14 percent of people with household incomes of $75,000 a year or more.
Credit reports are used by lending institutions, such as mortgage and credit card companies, as part of their decision-making on whether to grant credit. In addition, in most states, credit reports can be used as part of employment background checks. Credit reports are different from credit scores, which are numerical values applied by the credit reporting agencies as a measure of credit risk.
To read the full press release, visit thomsonreuters.com