Family Finances

Beware: These moves can leave a dent in your credit score

June 10, 2019  • Financial Security Program

“Many people are in the dark about what makes their credit scores rise and fall.

That’s the takeaway from a new survey by the Consumer Federation of America and VantageScore Solutions, which found that consumer knowledge about credit scores is at the lowest level in the past eight years.

“Consumers know less about credit scores but think they know more,” said Stephen Brobeck, a senior fellow at the Consumer Federation of America.

The standard advice for a healthy credit score is to avoid paying your bills late or letting your balances get too high. Yet other moves — some seemingly positive — can actually lower your score, experts say.”…


Program Manager Katherine Lucas McKay is featured in this CNBC article. Read the full article here.