Quarterly Survey Results: January 2011
How Consumers Plan to Pay Off Holiday Debt
A new Credit.com survey conducted by GfK Research found 60% of consumers plan to pay off their holiday debt in full; which is up from 45% in January 2010. This is the time of year that consumers are starting to get the bills from their holiday spending and here’s how they intend to deal with holiday debt:
Marketing Credit Cards to Students: Should Young Consumers (Under 18) Have a Credit Card?
New regulations restrict credit card companies from marketing cards to young people. A new Credit.com quarterly survey conducted by GfK Research found nearly 9 out of 10 consumers think someone under 18 should not be entitled to a credit card on their own:
Employer Credit Checks: Should They Be Banned?
Employers have the right, with your permission, to check your credit report as part of background screening for employment. A number of lawmakers are interested in banning this practice. A new Credit.com quarterly survey conducted by GfK Research found most consumers agree that this practice should be banned:
Yearly Credit Checks: Have You Checked Your Credit in the Last 12-Months?
In light of the new push by lawmakers to give consumers better access to their credit, a new quarterly survey by Credit.com conducted by GfK Research finds that while 50% of consumers have checked their credit in the past year, 48% have never checked their credit or haven’t checked it in more than a year.
The survey found:
CARD Act: Credit Card Account Changes
The Credit Cardholders Bill of Rights (CARD Act) is now law, but according to a new survey from Credit.com, more than 36% of consumers say their card company has still made one or some combination of the following changes to a credit card account:
Online Tracking: Americans Understand It And They Don’t Like It
According to our latest survey, 3 out of 4 consumers, 74% say they are aware that there is a very strong likelihood that programs on their computer track their behavior and personal details, which despite their best efforts are very difficult to delete or disable.
And 80% of consumers say they are not willing to tolerate data tracking programs, even if it means they might get cheaper prices or better matched with goods and services they want.
The new Credit.com survey conducted by GfK research found:
This national RDD Probability Sample telephone poll was conducted for Credit.com by GfK Custom Research North America from January 14-16, 2011. A total of 1,011 interviews were completed, with roughly 510 female adults and 501 male adults. The margin of error is +/- 3 percentage points for the full sample.
A high credit score often equals savings on loans and credit cards.
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