Almost half of Americans mistakenly believe a credit score and a credit report are basically the same thing, a survey from the American Bankers Association shows.
In fact, while they're both credit-related, they're not the same thing. "Your credit score is akin to your cumulative GPA, while a credit report more closely resembles your grades from every report card over the past seven years," said Molly Wilkinson, executive director of the ABA's Card Policy Council.
Those polled were asked if this statement is true: "A credit score and a credit report are different names for basically the same thing." While 56 percent believe the two are not the same, almost 44 percent feel they are, including 12 percent who say they are confident the two are the same.
The poll was conducted by Ipsos for the association Dec. 11-14, 2014. Some 1,003 adults were interviewed online. The poll has a credibility interval of plus or minus 3.5 percentage points. Figures were rounded, which in this case means they don't add up to 100 percent.
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