DID YOU KNOW? Consumer access to credit scores can boost the lending ecosystem
According to a recent Javelin study, 71% of consumers who check their scores at least once a month perceive that they have control over their day-to-day finances, compared with the roughly 54% of consumers who never check their score. Those who have more credit score-awareness also are more likely to have positive views of their financial situation, e.g., they are better able to save for larger bills and can absorb a financial shock (such as what is occurring recently with the COVID-19 health crisis).
To get a better understanding of how credit score-awarenss can help both consumers and lenders, be sure to watch this webinar presented by Javelin Strategy, TransUnion and VantageScore. Hear from experts on the latest data that shows how financial literacy can improve consumers’ overall financial health, thereby expanding the pool of potential borrowers and strengthening the lending ecosystem overall.
You can view the archived webinar here: https://register.gotowebinar.com/recording/321808766781096451