UK consumers, in the dark about credit scores, rely on borrowing to make ends meet

The news: Nearly half of UK consumers don’t know their credit scores, or how to improve them. But many are planning to borrow more to help with rising costs of living, according to a study from CRIF.

The study surveyed 7,000 consumers across France, Germany, Italy, the Czech Republic, Slovakia, and the UK in July 2022.

Key stats: Some of the most notable statistics from the study come from UK respondents, who are facing a cost of living crisis and rapidly rising interest rates.

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