Q48b: According to a new law that affects your rights regarding credit, will lenders have to report to all three CRAs?

Demographic and experience categories Yes No Do not know Refused
All respondents 37.9 ( 1.4) 7.9 ( 0.7) 53.7 ( 1.5) 0.5 ( 0.2)
AGE GROUP        
18 to 24 35.0 ( 4.8) 6.2 ( 2.1) 58.0 ( 5.0) 0.8 ( 0.6)
25 to 34 40.0 ( 3.5) 7.5 ( 1.7) 52.5 ( 3.6) 0.0 ( 0.0)
35 to 44 38.9 ( 3.3) 7.8 ( 1.7) 53.1 ( 3.4) 0.2 ( 0.2)
45 to 54 39.7 ( 3.2) 4.7 ( 1.3) 54.9 ( 3.3) 0.8 ( 0.6)
55 to 64 45.3 ( 3.7) 10.0 ( 2.3) 43.4 ( 3.7) 1.3 ( 0.9)
65 and older 30.5 ( 3.0) 10.8 ( 2.1) 58.4 ( 3.2) 0.3 ( 0.3)
INCOME        
Less than $25000 34.6 ( 2.2) 9.0 ( 1.4) 56.0 ( 2.3) 0.4 ( 0.2)
$25000 to $49999 39.7 ( 3.0) 9.3 ( 1.7) 50.6 ( 3.1) 0.3 ( 0.2)
$50000 to $74999 39.6 ( 3.4) 6.0 ( 1.4) 53.8 ( 3.5) 0.7 ( 0.5)
$75000+ 41.2 ( 3.4) 7.0 ( 1.6) 51.1 ( 3.4) 0.6 ( 0.5)
EDUCATION        
Less than high school 31.5 ( 3.5) 11.9 ( 2.5) 55.3 ( 3.7) 1.2 ( 0.6)
High school 36.3 ( 2.4) 8.7 ( 1.4) 54.5 ( 2.5) 0.4 ( 0.3)
Some post-secondary education 41.6 ( 2.8) 8.2 ( 1.4) 49.7 ( 2.9) 0.5 ( 0.3)
BA or more 38.1 ( 2.6) 5.6 ( 1.2) 56.1 ( 2.7) 0.3 ( 0.3)
ETHNICITY        
White 38.0 ( 1.8) 7.3 ( 0.9) 54.3 ( 1.9) 0.4 ( 0.2)
Black 44.8 ( 3.0) 10.9 ( 1.9) 43.9 ( 3.0) 0.4 ( 0.4)
Hispanic 30.9 ( 2.9) 7.3 ( 1.7) 60.5 ( 3.1) 1.3 ( 0.6)
Other 39.2 ( 6.3) 11.0 ( 4.1) 49.8 ( 6.4) 0.0 ( 0.0)
SEX        
Male 36.8 ( 2.2) 7.6 ( 1.2) 55.3 ( 2.3) 0.3 ( 0.2)
Female 39.1 ( 1.7) 8.3 ( 0.9) 51.9 ( 1.8) 0.7 ( 0.3)
EMPLOYMENT STATUS        
Actively employed (FT or PT) 40.3 ( 1.9) 7.4 ( 1.0) 52.0 ( 2.0) 0.3 ( 0.2)
Student 39.7 ( 8.2) 3.6 ( 2.5) 55.4 ( 8.4) 1.3 ( 1.3)
Not employed (homemaker, retired, unemployed) 34.5 ( 2.2) 9.9 ( 1.4) 55.0 ( 2.3) 0.5 ( 0.3)
Other 27.0 ( 5.3) 5.7 ( 2.6) 65.4 ( 5.8) 1.8 ( 1.8)
GEOGRAPHIC RESIDENCE        
Resident of a free report state (CO, GA, ME, MD, MA, NJ, VT) 44.1 ( 3.1) 6.2 ( 1.4) 49.1 ( 3.1) 0.6 ( 0.4)
Resident of another state 37.0 ( 1.6) 8.2 ( 0.8) 54.3 ( 1.6) 0.5 ( 0.2)
FINANCIAL AND CREDIT REPORT EXPERIENCE        
Obtained a credit report 41.6 ( 1.9) 8.1 ( 1.0) 49.8 ( 1.9) 0.5 ( 0.2)
Did not obtain a credit report 32.8 ( 2.1) 7.7 ( 1.1) 58.9 ( 2.2) 0.5 ( 0.3)
         
Obtained credit score 42.0 ( 2.5) 7.4 ( 1.2) 50.5 ( 2.5) 0.1 ( 0.1)
Did not obtain credit score 35.9 ( 1.7) 8.2 ( 0.9) 55.2 ( 1.8) 0.7 ( 0.2)
         
Disputed information on credit report 34.9 ( 3.1) 11.2 ( 2.2) 53.7 ( 3.3) 0.2 ( 0.2)
Did not dispute credit report information 38.6 ( 1.6) 7.2 ( 0.8) 53.7 ( 1.6) 0.5 ( 0.2)
         
Had an auto or mortgage loan 40.1 ( 1.6) 8.0 ( 0.9) 51.4 ( 1.7) 0.5 ( 0.2)
Did not have an auto or mortgage loan 30.4 ( 2.7) 7.8 ( 1.4) 61.2 ( 2.8) 0.6 ( 0.3)
         
Was a victim of identity theft 46.0 ( 4.4) 9.0 ( 2.3) 44.9 ( 4.3) 0.0 ( 0.0)
Was not a victim of identity theft 37.0 ( 1.5) 7.8 ( 0.8) 54.6 ( 1.5) 0.5 ( 0.2)
         
Obtained credit report due to an adverse action 44.2 ( 5.1) 7.5 ( 3.0) 48.3 ( 5.2) 0.0 ( 0.0)
Did not obtain credit report due to an adverse action 37.3 ( 1.5) 8.0 ( 0.8) 54.2 ( 1.5) 0.5 ( 0.2)

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