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Annual Survey Finds College Upperclassmen Are More Optimistic About Achieving Financial Security Soon After Graduation

Link: Annual Survey Finds College Upperclassmen Are More Optimistic About Achieving Financial Security Soon After Graduation.

Annual Survey Finds College Upperclassmen Are More Optimistic About Achieving Financial Security Soon After Graduation Thursday March 17, 8:05 am ET - National Survey Reveals Gaps Between Students' Perceived Credit Knowledge And Real Financial Facts; More Credit Education Needed NEW YORK, March 17 /PRNewswire-FirstCall/ -- According to the second annual survey by Citi Credit-ED?, Citi's award-winning financial literacy program for young adults, the nation's college upperclassman today have high financial and lifestyle expectations immediately after graduation, combined with a hearty appetite for consumerism. Though students are extremely optimistic, survey results show a significant disconnect between perceived and real credit knowledge, and that credit education is still needed.

Holiday shopping affects credit scores dramatically! - Average of 160 credit points!

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Credit report scores drop dramatically due to delinquent payments from overspending during the holiday season which begins next week. SPENDonLIFE.com (http://www.spendonlife.com), a consumer savings website that provides credit reports, advises holiday season shoppers to keep a close eye on their expenses this year in order to avoid a credit report nightmare. A study by Experian Consumer Direct reveals that consumers with one missed payment in the last year have an average credit score of about 160 points lower than the average of those with no delinquent payments.

""A 160 point difference in your credit report history can mean paying hundreds or even thousands of dollars more on mortgages, car loans, or insurance, says SPENDonLIFE.com President Mark Henry. Late payments are not something to take lightly. Consumers should not spend money they cannot pay back.""

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