Everyone knows that credit scores are important…to a point. Some of us value these three-digit representations of financial responsibility far more than others, due in large part to the combination of our varying financial literacy levels and inconsistent monetary pressures.
But to what extent do our knowledge of and opinions about credit vary, and along what demographical lines do they do so?
In the hope of answering those question and thus learning more about the relationship between consumers and credit scores, WalletHub conducted a nationally representative survey of 1,000 individuals, asking questions such as what organizations have the right to check an individual’s credit score, how much people would pay for an excellent score and even whether folks would date and marry someone with bad credit. You can find the results displayed in the infographic below, followed by a panel discussion about the findings with leading credit experts.
To gain an even deeper understanding of the broader implications of our survey results, we asked a panel of leading credit-industry and consumer-studies experts to weigh in. You can find the experts’ bios and responses to the following questions below:
What is your reaction to one-third of survey respondents believing that anyone can access their credit score/report, as if it is public information?
Why do you think 49% of people would not marry someone with bad credit?
Why is money our leading societal stressor?
Why do you think people would prefer to be overweight, to have bad eyesight and to be going bald than to have bad credit?
Ask the Experts
David A. Friedman Associate Professor of Law at Willamette University, College of Law Read More
Santhi Hejeebu Associate Professor of Economics and Business at Cornell College Read More
David Reiss Professor of Law and Research Director of the Center for Urban Business Entrepreneurship at Brooklyn Law School Read More
Andrew J. Morgret Associate Professor of Accounting at Christian Brothers University School of Business Read More
Manfred Keil Associate Professor of Economics at Claremont McKenna College, Robert Day School of Economics and Finance Read More
Ronald S. Miolla Associate Professor of Finance at Concordia University, School of Management Read More
Image: Kevin Smart / iStock.
Questions & Answers
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