At some point in the future I will detail how I went from a 610 to a 763 FICO score. Until then, let's debunk some myths because I'd be willing to bet that in every conversation you have on the topic, someone will try to convince you of at least one of these points.
This batch comes from Bankrate and all of these myths are explained by clicking through:
- Paying my debts will make my credit report instantly pristine.
- I must give permission for a company to see my credit report.
- Credit counseling always destroys my credit score.
- Canceling credit cards boosts my score.
- Too many inquiries hurt my score.
- Checking my own credit report harms my standing.
- FICO scores are locked in for six months.
- I don't need to check my credit report if I pay my bills on time.
- All credit reports are the same.
- A divorce decree automatically severs joint accounts.
- Bad news comes off in seven years.
- I can always pay someone to fix or repair my credit.
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