10th Annual Credit Score Survey to Be Released

Income Levels Heavily Affect Credit Score Knowledge

WASHINGTON--(BUSINESS WIRE)--At a press teleconference at 12:00 noon Eastern on Monday, July 20^th, the Consumer Federation of America and VantageScore Solutions will release the results of their tenth annual survey on consumer understanding of credit scores. The survey reveals surprising data about who intends to apply for credit in the coming year. These results are critically important given the extraordinary impact the COVID-19 crisis has had on the financial lives of consumers.

At the press teleconference CFA and VantageScore Solutions will release the latest consumer credit survey results and other key information regarding credit scores including:

• What consumers understand, and don’t understand, about credit scores and their uses.
• How income levels affect credit score knowledge.
• What's at stake when consumers do not understand their credit scores.
• The best way consumers can raise their credit scores.
• An online Credit Score Quiz (creditscorequiz.org) designed to educate consumers, particularly low-income consumers, about credit scores.

Event:	CFA and VantageScore Solutions Press Teleconference on Credit Score Knowledge
Date/Time:	Monday, July 20, 12:00 p.m. ET
Call In #:	877-271-1828, use the passcode CFACALL (2322255)
Speakers:	Stephen Brobeck, Senior Fellow, Consumer Federation of America
	Barrett Burns, President and CEO, VantageScore Solutions

NO INFORMATION WILL BE RELEASED BEFORE THE TELECONFERENCE
The release will be available after 11:30 a.m. ET July 20^th at www.consumerfed.org

The Consumer Federation of America is an association of more than 250 nonprofit consumer organizations that was established in 1968 to advance the consumer interest through research, advocacy, and education.

VantageScore Solutions, initially developed by America’s three national credit reporting companies (CRCs) – Equifax, Experian, and TransUnion – is the independently managed company behind the VantageScore credit scoring model.