Many Americans believe credit myths. MoneyTips would like to debunk them.
In a June survey, we asked 410 Americans to rate as True or False some statements about credit. We threw in a few softballs. But when it came to four important credit statements, less than 6% answered them all correctly. In fact, more people got them all wrong (7.1%) than all correct (5.9%)!
If you like, you can quiz yourself about these important credit concepts, and then look below for the answers.
TRUE OR FALSE: You do not need to carry a credit card balance in order to build your credit rating.
TRUE OR FALSE: When a married couple tries to get a mortgage, their joint credit score is used.
TRUE OR FALSE: If I look at my credit score too often, it actually lowers my score.
TRUE OR FALSE: You can improve your credit score by closing unused credit cards.
Ready for the answers?
Believe it or not, all of these statements are false...
from MoneyTips https://www.moneytips.com/do-not-believe-these-popular-credit-myths/950
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