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According to a recent survey by BMO Harris Bank, the majority of Americans (80 percent) across all ages say they are knowledgeable about how to achieve a good credit rating. Half check their score once a year, while 30 percent check it every few years or less. One fifth do not know their score.
On average, Americans believe a good credit score is 660. Among millennials, that number drops to 625, and those aged 35-54 and 55 and older believe a good score is 675.
Overall findings indicate that while most Americans believe they have a solid understanding of what a good credit score is, there is confusion around attaining it. Harris offers a number of basic tips to manage and improve a credit score, including:
Check your credit report. This should be done at least 60-90 days before...
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