Today, your credit score is more important than ever with insurance companies using consumers’ credit scores to determine their insurance rates. Likewise, with your permission, employers can also request to see your credit report. For these reasons and many more, credit is important and it can be beneficial if you learn how to manage it properly.
In order to do this successfully, it is important to educate yourself so you know what is true and false about credit. Being aware of the following 11 myths about credit is a great place to start. It’s time to set the record straight!