U.S. News & World Report, a nationally recognized publisher of consumer advice and information, recently completed a nationwide survey on consumer credit, in order to get a comprehensive understanding of the challenges that consumers with bad credit face.
The result of the study showed that 68% of consumers with bad credit reported that they are working towards improving their credit score. However, the study also found that consumers are unaware of how a credit score is calculated and 35% admitted to not doing any research the last time they applied for a credit card.
In an effort to help these consumers meet their financial goals, U.S. News created a guide that serves as a resource to improve financial literacy among consumers with bad credit. They cover topics from how to monitor credit scores and dispute errors, to the best and worst credit cards and how to evaluate them.
U.S. News & World Report’s credit survey and guide can be viewed here:
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