Consumer comfort index falls

Due to high unemployment and economic uncertainty, a significant number of U.S. households feel it's a time for saving, not spending, according to a new poll.

For the week ending September 15, the Bloomberg Consumer Comfort Index was 49.3, the second lowest level in 2011. The poll's buying climate gauge also fell to a three-year low.

"The crisis of confidence among consumers in the economy and policy makers' ability to alter the direction of the economy has diminished chances of a sustained recovery," said Joseph Bruselas, a senior economist at Bloomberg LP.

The index measures Americans' sentiment through three variables: the state of the economy overall, personal finances and whether it's a good time to buy products and services.

With 70 percent of the economy being made up of consumer spending, it's a particularly important time for borrowers to be watching their credit report. If creditors make errant marks, it may lead to their credit score dropping. This can make buying a less appealing prospect, as bad credit can increase consumers' interest rates, making it more expensive to finance purchases.