Q23d: Did you order your last credit report because you were making a large purchase or refinancing? (of those who said 'yes' to Q19)

Demographic and experience categories Yes No Do not know Refused
All respondents 51.6 ( 1.9) 47.9 ( 1.9) 0.5 ( 0.2) 0.1 ( 0.1)
AGE GROUP        
18 to 24 37.8 (10.1) 62.2 (10.1) 0.0 ( 0.0) 0.0 ( 0.0)
25 to 34 52.9 ( 4.4) 47.1 ( 4.4) 0.0 ( 0.0) 0.0 ( 0.0)
35 to 44 55.3 ( 4.0) 43.8 ( 4.0) 0.9 ( 0.6) 0.0 ( 0.0)
45 to 54 56.9 ( 4.0) 43.1 ( 4.0) 0.0 ( 0.0) 0.0 ( 0.0)
55 to 64 52.0 ( 4.8) 47.2 ( 4.8) 0.8 ( 0.5) 0.0 ( 0.0)
65 and older 33.2 ( 5.0) 66.1 ( 5.0) 0.3 ( 0.3) 0.4 ( 0.4)
INCOME        
Less than $25000 44.9 ( 3.6) 54.0 ( 3.6) 0.8 ( 0.7) 0.3 ( 0.3)
$25000 to $49999 49.8 ( 4.1) 50.0 ( 4.1) 0.2 ( 0.2) 0.0 ( 0.0)
$50000 to $74999 47.6 ( 4.1) 52.4 ( 4.1) 0.0 ( 0.0) 0.0 ( 0.0)
$75000+ 58.1 ( 3.8) 41.9 ( 3.8) 0.0 ( 0.0) 0.0 ( 0.0)
EDUCATION        
Less than high school 65.1 ( 7.1) 31.2 ( 6.9) 2.5 ( 2.5) 1.1 ( 1.1)
High school 50.2 ( 3.6) 48.4 ( 3.6) 1.4 ( 0.7) 0.0 ( 0.0)
Some post-secondary education 49.9 ( 3.5) 50.1 ( 3.5) 0.0 ( 0.0) 0.0 ( 0.0)
BA or more 52.5 ( 3.2) 47.5 ( 3.2) 0.0 ( 0.0) 0.0 ( 0.0)
ETHNICITY        
White 52.0 ( 2.4) 48.0 ( 2.4) 0.0 ( 0.0) 0.0 ( 0.0)
Black 38.3 ( 3.6) 61.3 ( 3.6) 0.0 ( 0.0) 0.4 ( 0.4)
Hispanic 66.1 ( 4.4) 32.8 ( 4.3) 1.1 ( 1.1) 0.0 ( 0.0)
Other 53.8 ( 8.7) 38.8 ( 8.7) 7.5 ( 4.0) 0.0 ( 0.0)
SEX        
Male 52.2 ( 3.1) 47.2 ( 3.1) 0.6 ( 0.4) 0.0 ( 0.0)
Female 50.9 ( 2.4) 48.7 ( 2.4) 0.4 ( 0.3) 0.1 ( 0.1)
EMPLOYMENT STATUS        
Actively employed (FT or PT) 53.8 ( 2.4) 45.6 ( 2.4) 0.6 ( 0.3) 0.0 ( 0.0)
Student 48.0 (14.7) 52.0 (14.7) 0.0 ( 0.0) 0.0 ( 0.0)
Not employed (homemaker, retired, unemployed) 46.4 ( 3.6) 53.1 ( 3.6) 0.3 ( 0.2) 0.2 ( 0.2)
Other 50.1 ( 8.5) 49.9 ( 8.5) 0.0 ( 0.0) 0.0 ( 0.0)
GEOGRAPHIC RESIDENCE        
Resident of a free report state (CO, GA, ME, MD, MA, NJ, VT) 44.7 ( 3.7) 54.1 ( 3.7) 0.8 ( 0.5) 0.4 ( 0.4)
Resident of another state 52.7 ( 2.2) 46.8 ( 2.2) 0.4 ( 0.2) 0.0 ( 0.0)
FINANCIAL AND CREDIT REPORT EXPERIENCE        
Obtained a credit report 51.6 ( 1.9) 47.9 ( 1.9) 0.5 ( 0.2) 0.1 ( 0.1)
Did not obtain a credit report . ( . ) . ( . ) . ( . ) . ( . )
         
Obtained credit score 54.0 ( 2.6) 45.6 ( 2.6) 0.2 ( 0.2) 0.1 ( 0.1)
Did not obtain credit score 48.9 ( 2.8) 50.3 ( 2.8) 0.8 ( 0.4) 0.0 ( 0.0)
         
Disputed information on credit report 43.2 ( 3.4) 56.7 ( 3.4) 0.1 ( 0.1) 0.0 ( 0.0)
Did not dispute credit report information 55.1 ( 2.3) 44.2 ( 2.3) 0.6 ( 0.3) 0.1 ( 0.1)
         
Had an auto or mortgage loan 55.4 ( 2.0) 44.3 ( 2.0) 0.2 ( 0.1) 0.1 ( 0.1)
Did not have an auto or mortgage loan 22.4 ( 4.1) 75.1 ( 4.3) 2.5 ( 1.5) 0.0 ( 0.0)
         
Was a victim of identity theft 46.5 ( 5.2) 53.5 ( 5.2) 0.0 ( 0.0) 0.0 ( 0.0)
Was not a victim of identity theft 52.3 ( 2.1) 47.1 ( 2.1) 0.5 ( 0.3) 0.1 ( 0.1)
         
Obtained credit report due to an adverse action 33.5 ( 4.7) 66.5 ( 4.7) 0.0 ( 0.0) 0.0 ( 0.0)
Did not obtain credit report due to an adverse action 54.6 ( 2.1) 44.8 ( 2.1) 0.6 ( 0.3) 0.1 ( 0.1)

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