Sunday, December 27, 2009

8 Myths about Credit Scores

By now, you're probably aware of the wide use of credit scores, and how this three-digit number can determine whether you get credit and under what terms. But there is a lot of misinformation about scores, too, and what you don't know can hurt you.

You could end up unnecessarily paying interest on credit cards or lowering your score in attempts to improve it.

Here are some of the myths:

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