(BPT) - From renting an apartment to buying a car or covering an unexpected expense, credit plays an important role in helping people manage their everyday lives. But while credit is widely used, many people still feel unsure about how it works and how to manage it effectively.
According to a new U.S. Consumer Cards Credit Trends Survey* conducted by Citi, nearly all respondents (99%) see responsible credit management as key to achieving their financial goals, but only 11% can correctly identify all the factors that affect credit scores.
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