Friday, March 26, 2021

FAQs National Credit Education Month March 2021

National Credit Education Month

National Credit Education Month FAQs

Where do I get my credit score?

There are three major credit reporting bureaus – Equifax, TransUnion and Experian – and, by law, you are entitled to one free report from each agency per year. You should get one report from each bureau because the information contained in the individual reports may not be consistent and you will want to confirm the accuracy of each.

When is National Credit Education Month?

March

 

 How much do Americans owe in credit card debt?

The total amount of credit card debt in the United States passed the $1 trillion (with a T!) in 2019. The average American household with a credit card owes $8,398.

March is National Credit Education Month which means there is no better time to educate yourself and others on the importance of understanding the ins and outs of your credit score. Did you know that one in five Americans find errors on their credit reports and that more than 90% of home and auto insurers use credit ratings to decide who to cover and what premiums to charge? It’s for these reasons you should actively monitor your credit score as well as educate yourself on how to properly manage it. Let’s get started.

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