Tag

credit myths

Browsing

6 Credit Myths You Need To Know

Here at Credit Savvy, we hear a lot of interesting myths, many that are simply not true.  We’ve come up with a list of the top 6 credit myths that we hear all the time. Read through them and make sure you know the facts! Checking my credit score will decrease it No. When you check your own credit score through a credit reporting body, you are accessing it through what is called a ‘soft enquiry’ and this has no impact on your score. It’s a good idea to see where you stand and track it over time, so you can see if anything has impacted it, as well as be notified as soon as possible if someone has used your identity. You only have one credit score This is a big fat myth. In reality, you can have many credit scores. Each credit reporting body that has a credit…