Credit Reports: The Myths
Monday, April 2nd, 2007There’s only one guy that ever understood credit reports…and he died 50 years ago. So what’s a plastic wielding consumer to do?!?
Well, I’ll tell ya what: check out some of these tips.
One of my favorites:
“4. Too many inquiries hurt my score.
Once upon a time, this statement was true. But get with the times — in this millennium, the credit agencies recognize a shopping mind-set when they see one. If a batch of mortgage or car loan inquiries arrives within 30 days, it doesn’t count at all, Watts says.”
Check it out and see if any of these myths happens upon something you believed was a truth. Thanks again to the folks at Bankrate.com