Majority of people don't know their credit scoreCredit reporting bureau Credit Simple says younger people are more likely to have debt defaults marring their credit files. Three in five people don't know their credit score, and it's costing some of them dearly. READ MORE:* How my credit score jumped 200 points in a night* What's your credit score? * Your credit score: Are you a unicorn, a thoroughbred, or donkey* Star signs do not influence your credit score, Credit Simple saysThe credit scoring industry was created for businesses like banks, other lenders, and utility companies which wanted to know the trustworthiness of people seeking to borrow from them, or become customers. Before Credit Simple launched, checking your credit score was time-consuming, or costly, if you wanted to do it in a hurry because you were seeking a loan.

Source: Stuff December 27, 2017 21:11 UTC