Credit Score Myths That Are Costing You Money
Your Credit Score Confusion Is Expensive Your credit score affects almost every major financial decision in your life — mortgage rates, car loans, credit card approvals, apartment rentals, and even some job applications. A difference of just 50 points can cost you tens of thousands of dollars in extra interest over a lifetime. Yet most people operate on myths and misconceptions about how credit scores actually work. These misunderstandings lead to bad decisions that damage their scores and cost them real money. Let’s bust the most common credit score myths once and for all. ...