(BPT) - Do you ever feel like you don't really understand as much as you should about credit ratings and credit in general? If so, you're not alone. A new survey* conducted by Credit One Bank, in partnership with YouGov, discovered a startling truth: Many U.S. adults with credit cards have a surprising gap in their understanding of the basics of credit.

For example, nearly three in four survey respondents (72%) were unaware that a single missed credit card payment can stay on their credit report for up to seven years. In addition, nearly half of respondents (48%) were unaware that creditors may close accounts due to inactivity, which can also reduce the length of their credit history. ×

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