Credit history: 78% of Lithuanians claim to know theirs, but 43% have never checked

A recent survey highlights a significant gap between perceived knowledge and actual practice regarding credit history in Lithuania. While 78% of respondents claim to be aware of their credit history, a striking 43% admit to never having checked it. This disconnect persists even among those who feel well-informed, with 35% of this group also reporting never having reviewed their credit file.

Credit history encompasses information about an individual's debts and their repayment behavior. This data is crucial for assessing creditworthiness, which determines a person's eligibility for loans and other financial services. The survey suggests a widespread lack of engagement with this vital financial information.

Furthermore, the survey revealed that 22% of Lithuanians have been late on bill payments due to forgetfulness. Such delays, even minor ones, can negatively affect a person's credit assessment. This underscores the importance of actively monitoring one's financial obligations and credit standing, not just for bank loans but also for other companies that may use credit information.