New Study Reveals the Most Important Item in Your Credit Report
Filed under: Personal Finance, Credit Cards, Credit Report
A person’s credit card usage is the single most important factor in establishing their credit, according to a new study released Thursday from the Consumer Financial Protection Bureau.
The study analyzed data from the largest reporting agencies and found that “credit card history dominates the information in credit reports.”
The reporting agencies — Equifax (EFX), Experian, and TransUnion — each have more than 200 million files on customers, which are updated monthly. More than half of the…
New Study Reveals the Most Important Item in Your Credit Report originally appeared on DailyFinance.com on 2012-12-17T08:54:00Z.
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