Most Americans hit no credit problems in the past year

May 22–24, 2024 · n = 1,000 · MoE ±3.3%Source report ↗

Core finding

Most Americans (59%) say they encountered none of a set of possible credit problems in the past 12 months, according to a May 2024 Verasight survey.

About four-in-ten (41%) ran into at least one such problem. The most common was being turned down for credit (21%), while 16% were approved for less than they applied for and another 16% put off applying for fear of rejection.

Selected responses

Most Americans hit no credit problems in the past year.

In the past 12 months, have any of the following happened to you?

None of the above
58.7%
You were turned down for credit
20.8%
You were approved for credit, but not given as much as you applied for
16.0%
You put off applying for credit because you thought you might be turned down
15.9%

n = 1,000 · May 22–24, 2024 · MoE ±3.3%

Respondents could select more than one option, so shares may sum to more than 100%.
ModeVerasight panel recruited via random address-based sampling, random person-to-person text messaging, and dynamic online targeting
PopulationUS adults age 18+
Field datesMay 22–24, 2024
Base (unweighted)1,000
Margin of error±3.3%
ModuleVerasight AAPOR Omnibus Survey #2024-054
SponsorVerasight
Weight variableweight
Weighting targetsage, race/ethnicity, sex, income, education, region, metropolitan status

Sources

  1. 01

    In the past 12 months, have any of the following happened to you?

    verasight-aapor-2024.tiiny.co

Cite this question

Verasight AAPOR Omnibus Survey #2024-054, fielded May 22-24, 2024, N=1,000 US adults age 18+, +/- 3.3%.