Credit Myths That Cost You Money
You can pay off your student loans and see your credit score drop. You can add significant credit card debt and see your score soar. It's no wonder there are so many misconceptions about how to build or improve credit. Many of these credit myths are accepted as truth by a significant portion of Americans -- maybe even you. And they can be costly. Here are three that are especially damaging. Myth No. 1: "Carrying a credit card balance will improve your credit score." Carrying a small balance on a credit card from month to month costs you ...
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