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Ok…here are more credit report myths dispelled:

Marrying someone with poor credit will hurt your credit score:

Marriage may lead to the combination of finances. Your credit report will be different from the credit report of your spouse whether you do not have joint accounts. whether either of you is added to an detail with a negative history, the data will show up in both your reports. that affects your credit score.

Paying a debt will improve your credit score:

If you have not paid a debt or you prepare a late payment, that info will stay on your credit report for at least seven years. Even whether

you pay the debt later, the report of the ‘unpaid debt’ will not be removed from your report for seven years.

Credit card offers hurt your credit score:

Credit card offers cannot hurt your credit score unless you reply to them. Your response to every promotion will create several inquiries on your credit report and that will affect your credit score, i.e., invent it go down.

You need to be aware of credit reporting myths, since common mistakes or not understanding them can cost you both day and money. construct certain you take the essential steps to protect your credit!

Orginal post by Leeia Ladipoh

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