(RECAP: While building credit and maintaining a excellent credit history remains a necessary tool for Americans in order to provide financial opportunities such as obtaining a loan for a mortgage or to make other large buys, recent studies revealed that many Americans do not have any credit and in many cases do not even know what a credit score is. In a recent survey of 668 Bay Area college students containing questions about consumer credit and how it effects financial decisions conducted by LendEDU, the results revealed that 59.3 percent of respondents could not produce a broad definition of a credit score. The survey showed that 42.5 percent of respondents did not believe that student debt was vital in determining a credit score—and this despite the fact that seven out of every 10 college graduates leave campus with an average of $30,000 in student loan debt. Also, 42.4 percent of respondents could not name even one way to improve a credit score.)

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