6 Myths (and Truths) About Credit Scores You Need to Know

6 MYTHS (AND TRUTHS) ABOUT CREDIT SCORES YOU NEED TO KNOW

Credit Score
Credit ScorePhoto: finance.yahoo

 

When it comes to credit reports and FICO scores, there is a lot of confusion about what actually impacts one’s ability to open a credit card, finance a car, or purchase a home. Below are 6 credit score myths, followed by the credit truth* to help you make informed decisions related to your credit score.

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* According to TransUnion and the California Association of Realtors