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Credit Scoring Myths……What Affects Your Credit Report (and Why)
Dec
15
2011
Wondering what impacts your credit score? Curious to know what REALLY makes your credit score go DOWN…..even though you are consistently paying your bills on time? Wondering what lies the credit reporting agencies, the credit repair companies and all of the other players keep feeding ALL of us to keep us off balance, off kilter and in constant financial fear?
Check out the easiest way to repair your credit report by YOURSELF, (no bull) or, continue reading below for more credit myths they want us ALL to believe. (even though most of them are only a little bit true!)
People are obsessed with getting and keeping an excellent credit score. We hear these statements regularly on our financial helpline:A caller who can’t pay their monthly bills because their debt payments are so high says, “I can’t go to credit counseling because I heard it will damage my credit score.”A caller who is not saving in their 401(k) and missing out on the company match says, “I don’t want to pay off my credit cards. I am keeping a balance to help my credit score.”
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