36 Million Americans Are Afraid to Check Their Credit Reports
This credit report phobia does not seem to afflict everyone equally. It is especially pronounced among millennials, women, and people with low income.
According to a new poll, the specter of Great Recession hardship still looms large for many Americans nearly a decade after the downturn ended, even though most negative records from that era have already fallen off people’s credit reports. Lots of people are simply too scared to see what’s on there, even if their inaction will lead to bad outcomes.
“We saw this with mortgage foreclosures, where people would not answer the phone or open their …