Thursday, July 12, 2012
7 Credit Myths Even Smart People Believe
Everybody knows how important it is to maintain good credit, but a lot of people don’t know how. Some think it’s necessary to revolve a credit card balance to get a higher score or don’t know the impact of checking their own credit. Even people who consider themselves financially savvy or who do a fine job managing their own household budgets can be misinformed. A recent survey revealed some sizable gaps in America’s knowledge when it comes to our credit, and we talked to some credit counseling professionals who shared the most common myths they have to debunk.