Consumers Out of Loop About Personal Credit

Released  January 2, 2019
By Megan Greuling

Online loan marketplace LendingTree's recent survey shows many credit cardholders in the U.S. are unsure about their financial standing when it comes to their credit accounts. Through its survey, LendingTree sought to learn more about the credit card behaviors, sentiments and knowledge of American consumers, the results of which were announced late last week. According to LendingTree's data, 42 percent of the 3,170 Americans surveyed admitted to not knowing the combined total credit limit for their credit cards, while 58 percent said they were unaware of the highest APR of their credit cards.