3 credit score myths everyone believes No ratings yet.

3 credit score myths everyone believes

It’s no surprise that most consumers have misunderstandings about their credit, especially when it comes to what hurts and helps credit scores. With the average credit score at 661 nationwide, according to CreditKarma.com, a majority of Americans have poor credit and aren’t sure what factors influence those three digits. Your credit score affects everything from qualifying for a credit card to acquiring financing for a mortgage. That’s why it’s important to understand the ins and outs on what those three little numbers mean and how they