Good Credit Counts, But Nearly Half of All Consumers Don't Know What Comprises a Credit Score
Good Credit Counts, But Nearly Half of All Consumers Don't Know What Comprises a Credit Score
October 2004 (Newstream) --
ANCHOR LEAD: Most consumers know that good credit counts. It matters in securing a home or car loan and a credit card. And a good credit score can lower your interest costs significantly. Yet, a survey finds that seven in 10 consumers don't know their credit score and nearly half don't know what comprises their credit score. Matt Kelly has more on what a difference good credit can make. (:66)
SCRIPT: Newsbreak, I'm Matt Kelly. Just how critical is a good credit score? On a $150,000 home mortgage, a difference of just two percentage points can mean a savings of $70,000 in interest over 30 years. Credit experts emphasize the importance of paying your bills on time and on checking your credit report at least annually to correct any mistakes you find. HSBC, one of the countries leading financial services companies, is spearheading a campaign called "Your Credit Counts" to help educate consumers about credit matters. Actress Phylicia Rashad representing HSBC offers some insight.
CUT: Understanding your credit score is the first step in managing debt wisely. And today, consumers have information at their fingertips to help them learn more about how to do just that. For example, yourcreditcounts.com helps you learn how your credit score is calculated, and how lenders use it to determine whether to lend you money and at what rate. The site also features useful tips for improving your credit score.
SCRIPT: Rashad says people who visit the Web site can also enter a $50,000 Sweepstakes. That Web site again is yourcreditcounts.com. I'm Matt Kelly.
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Produced for HSBC North America
CONTACT:
Zane Robbins 312-222-9850
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October 2004 (Newstream) --
ANCHOR LEAD: Most consumers know that good credit counts. It matters in securing a home or car loan and a credit card. And a good credit score can lower your interest costs significantly. Yet, a survey finds that seven in 10 consumers don't know their credit score and nearly half don't know what comprises their credit score. Matt Kelly has more on what a difference good credit can make. (:66)
SCRIPT: Newsbreak, I'm Matt Kelly. Just how critical is a good credit score? On a $150,000 home mortgage, a difference of just two percentage points can mean a savings of $70,000 in interest over 30 years. Credit experts emphasize the importance of paying your bills on time and on checking your credit report at least annually to correct any mistakes you find. HSBC, one of the countries leading financial services companies, is spearheading a campaign called "Your Credit Counts" to help educate consumers about credit matters. Actress Phylicia Rashad representing HSBC offers some insight.
CUT: Understanding your credit score is the first step in managing debt wisely. And today, consumers have information at their fingertips to help them learn more about how to do just that. For example, yourcreditcounts.com helps you learn how your credit score is calculated, and how lenders use it to determine whether to lend you money and at what rate. The site also features useful tips for improving your credit score.
SCRIPT: Rashad says people who visit the Web site can also enter a $50,000 Sweepstakes. That Web site again is yourcreditcounts.com. I'm Matt Kelly.
------------------------
Produced for HSBC North America
CONTACT:
Zane Robbins 312-222-9850
Funny Quotes
Famous Quotes
Love Quotes
Famous Quotes
Motivational Quotes
Inspirational Quotes
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