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Most Students Unaware of Free Credit Reports

WASHINGTON -- Fewer than half of high school seniors surveyed know that the three nationwide consumer credit reporting companies are required to provide consumers with a free copy of their credit report, according to study conducted by the Jump$tart Coalition for Personal Financial Literacy.

By Staff Writer | Updated on October 23, 2008

WASHINGTON — Fewer than half of high school seniors surveyed know that the three nationwide consumer credit reporting companies are required to provide consumers with a free copy of their credit report, according to study conducted by the Jump$tart Coalition for Personal Financial Literacy.

Only 47.7% of the high school students knew they could check their credit report for free once a year. College students did better–nearly three-quarters of them knew about the free credit report–but overall, the research seems to indicate a lack of knowledge in this area, the coalition concluded.

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