Consumers savvier on credit scores
News from Columbus Dispatch:

By  Mark Williams

The Columbus Dispatch Tuesday May 15, 2012 5:38 AM

Consumers know much more about credit scores than they did a year ago, but they still don’t know how costly a low score can be, according to a study released yesterday.

“The good news is that consumers know much more than in early 2011,” said Stephen Brobeck, executive director of the Consumer Federation of America, which conducted the survey in early April along with VantageScore Solutions.

“Despite our positive survey findings, there remains cause for concern,” Brobeck said.

Among those concerns: consumers who wrongly think factors such as age and marital status affect credit scores or the belief by many consumers that credit-repair companies are always or usually helpful in correcting credit-report errors or improving scores, he said.

The report follows a Dispatch investigation that detailed how easily mistakes can show up on credit reports and how difficult it is to remedy those issues. Mistakes on credit reports have cost people home loans and much more.The second annual study by the Consumer Federation, an association of nearly 30…………… continues on Columbus Dispatch

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Related News:

Business networking and educational opportunities
News from Post-Bulletin:

By Jeff Kiger
The Post-Bulletin, Rochester MN

• Business After Hours, a monthly business networking event sponsored by the Rochester Area Chamber of Commerce, is scheduled from 5 p.m. to 7 p.m. at Canadian Honker Events at the Ramada,1517 16th St. S.W.

• Your Credit Score, Tips for 2012
, a workshop sponsored by Rochester’s Small Business Development Center, is scheduled from 1 p.m. to 3 p.m. in Room HA 110 at Rochester Community and Technical College’s Heintz Center, 1926 College View Road S.E. This workshop will discuss how to understand the components that make up a credit score and strategies to improve a personal credit score. The fee is $ 20 per person. For information or to register, contact Kay at 285-7536 or

Fuel Rochester and the Rochester Area Chamber of Commerce is sponsoring a day-long Young Professionals Summit from 8 a.m. to 4 p.m. in the Doubletree Hotel at 150 S. Broadway. Topics for the event will include Networking 101, Take Charge of Your…………… continues on Post-Bulletin

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