Consumers need more education on how to better manage their credit as they prepare to buy a home, according to findings from a national survey by Experian. The survey, among individuals who are recent home buyers or are planning to purchase a home, showed that consumers understand having a good credit profile is key to making their homebuying dream come true but it is one of the reasons they say they are denied a loan.
2016 Methodology Statement
The data points referenced above come from a study commissioned by ConsumerInfo.com, Inc., an Experian company, produced by research firm Edelman and conducted as an online survey of 500 home buyers. Buyers were defined as adults who had purchased a home within the past year (250 recent buyers) or who plan to purchase a home in the next year (250 future buyers). Interviewing took place from February 19-24, 2016. The margin of error is plus or minus 4.4 percent overall.