Q13: How many CRAs are lenders required to report to?

Demographic and experience categories None One All Do not know
All respondents 7.2 ( 0.8) 11.4 ( 0.9) 24.5 ( 1.3) 56.8 ( 1.4)
AGE GROUP        
18 to 24 1.2 ( 0.7) 11.4 ( 3.1) 27.8 ( 4.8) 59.6 ( 5.1)
25 to 34 6.5 ( 1.8) 16.0 ( 2.6) 26.4 ( 3.0) 51.1 ( 3.6)
35 to 44 7.3 ( 2.0) 15.1 ( 2.4) 26.8 ( 3.0) 50.9 ( 3.4)
45 to 54 6.4 ( 1.6) 10.0 ( 2.0) 28.1 ( 2.9) 55.5 ( 3.2)
55 to 64 8.5 ( 2.1) 8.4 ( 2.1) 26.1 ( 3.4) 57.0 ( 3.7)
65 and older 10.3 ( 2.1) 5.7 ( 1.6) 12.5 ( 2.1) 71.5 ( 3.0)
INCOME        
Less than $25000 4.7 ( 0.9) 8.4 ( 1.3) 25.4 ( 2.0) 61.4 ( 2.2)
$25000 to $49999 4.8 ( 1.2) 12.1 ( 2.1) 28.8 ( 2.8) 54.3 ( 3.1)
$50000 to $74999 8.0 ( 2.1) 11.2 ( 2.2) 26.9 ( 3.2) 54.0 ( 3.6)
$75000+ 11.7 ( 2.2) 16.4 ( 2.5) 20.8 ( 2.6) 51.2 ( 3.4)
EDUCATION        
Less than high school 6.0 ( 1.5) 8.6 ( 2.3) 20.1 ( 2.9) 65.3 ( 3.5)
High school 2.8 ( 0.8) 7.6 ( 1.3) 28.0 ( 2.3) 61.6 ( 2.5)
Some post-secondary education 8.5 ( 1.6) 12.9 ( 1.9) 27.1 ( 2.6) 51.6 ( 2.9)
BA or more 10.9 ( 1.8) 14.8 ( 2.0) 20.2 ( 2.1) 54.0 ( 2.7)
ETHNICITY        
White 7.4 ( 1.0) 10.9 ( 1.2) 23.3 ( 1.6) 58.4 ( 1.9)
Black 3.4 ( 1.1) 11.0 ( 2.0) 33.7 ( 2.8) 51.9 ( 3.0)
Hispanic 8.4 ( 1.7) 12.0 ( 2.1) 23.6 ( 2.7) 55.9 ( 3.1)
Other 10.9 ( 4.1) 18.1 ( 5.2) 21.0 ( 5.1) 50.0 ( 6.4)
SEX        
Male 9.9 ( 1.4) 12.3 ( 1.5) 23.2 ( 2.0) 54.6 ( 2.3)
Female 4.8 ( 0.7) 10.6 ( 1.2) 25.6 ( 1.6) 58.9 ( 1.8)
EMPLOYMENT STATUS        
Actively employed (FT or PT) 7.4 ( 1.0) 13.8 ( 1.3) 26.4 ( 1.7) 52.4 ( 2.0)
Student 8.0 ( 4.9) 19.3 ( 6.6) 25.5 ( 8.5) 47.2 ( 8.4)
Not employed (homemaker, retired, unemployed) 7.0 ( 1.2) 6.3 ( 1.2) 21.1 ( 1.9) 65.6 ( 2.2)
Other 6.8 ( 3.3) 8.0 ( 3.5) 21.8 ( 4.9) 63.4 ( 6.1)
GEOGRAPHIC RESIDENCE        
Resident of a free report state (CO, GA, ME, MD, MA, NJ, VT) 7.1 ( 1.5) 11.9 ( 2.2) 27.8 ( 2.8) 53.2 ( 3.1)
Resident of another state 7.3 ( 0.8) 11.3 ( 1.0) 24.0 ( 1.4) 57.4 ( 1.6)
FINANCIAL AND CREDIT REPORT EXPERIENCE        
Obtained a credit report 8.9 ( 1.1) 13.8 ( 1.3) 28.3 ( 1.7) 49.0 ( 1.9)
Did not obtain a credit report 5.1 ( 0.9) 8.0 ( 1.2) 19.3 ( 1.8) 67.6 ( 2.1)
         
Obtained credit score 9.0 ( 1.5) 16.7 ( 1.9) 29.5 ( 2.3) 44.8 ( 2.5)
Did not obtain credit score 6.4 ( 0.9) 8.8 ( 1.0) 22.1 ( 1.5) 62.7 ( 1.7)
         
Disputed information on credit report 10.7 ( 2.1) 18.4 ( 2.7) 29.0 ( 2.9) 41.8 ( 3.3)
Did not dispute credit report information 6.5 ( 0.8) 9.9 ( 1.0) 23.5 ( 1.4) 60.1 ( 1.6)
         
Had an auto or mortgage loan 8.1 ( 0.9) 11.4 ( 1.1) 24.6 ( 1.4) 55.9 ( 1.7)
Did not have an auto or mortgage loan 4.5 ( 1.2) 11.4 ( 2.0) 24.1 ( 2.7) 60.0 ( 3.0)
         
Was a victim of identity theft 9.8 ( 2.9) 11.8 ( 2.8) 24.2 ( 3.7) 54.3 ( 4.4)
Was not a victim of identity theft 7.0 ( 0.8) 11.4 ( 1.0) 24.5 ( 1.3) 57.1 ( 1.5)
         
Obtained credit report due to an adverse action 5.9 ( 2.6) 20.7 ( 4.2) 24.1 ( 4.1) 49.3 ( 5.2)
Did not obtain credit report due to an adverse action 7.4 ( 0.8) 10.6 ( 0.9) 24.5 ( 1.3) 57.5 ( 1.5)

Percent estimates totaling 100% within each demographic and experience category, with standard errors in parentheses
 
GAO-05-411SP Credit Reporting Literacy Survey Data
Full Report: GAO-05-223