Let me quickly show you some numbers that come from the Consumer Federation of America. The CFA is an association of nonprofit consumer organizations that was established in 1968 to advance the consumer interests through research, advocacy and education. In this era of politics, it is neither liberal nor conservative. 39% of Americans interviewed by the group failed to correctly identify those reactions that will help an individual increase a low score keep a high one. Do you know what they are? They are making loan payments on time.

Using a credit card and keeping the balance below 25% of the credit limit, and not opening several credit card accounts at the same time. 42% of respondents wrongly believe their age and marital status were on the list of variables utilize to determine a credit score. 72% failed to correctly identify each of the creditors from credit providers credit card providers to mortgage companies to landlords, who may use a credit score. Only 20% of the people interviewed as an example understood that lower credit scores are likely to raise the finance charges on a $20,000 60 month auto loan by over $5,000