Dispelling credit myths
Don’t Sweat These Setbacks
They don’t hurt credit scores
If you’ve been trying to raise your credit score, you’ve probably gotten loads of advice on ways to do it. Reducing your debt balances, not taking on any new debt and holding onto older accounts are all good ways to improve your score.
But you may have gotten some bad advice on what could hurt your score, so we’re here to dispel the myths.
Among them: Getting denied for credit doesn’t hurt your score any more than getting approved does (and either way, it’s usually only a few points).
Why are we sharing the myths? When you’re focused on raising your score, it’s easy to start sweating every potential financial misstep along the way. And while we want you to make smart money moves, we’d also like you to stress a little less whenever possible.
IN THIS ISSUE
8 Easy Steps to Apply for a Personal Loan
The Companies Who Want You Out of Debt
Your Quickest Paths to Passive Income
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Secrets the Rich Use to Build Wealth
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