Do Not Fall For These Common Credit Score Myths
High Income Means You Are Safe
This is simply not true! Just because you make top dollars does not mean you will have a stellar credit score. Credit bureaus do not look at your monthly or yearly income. They are rather concerned with how well you repay your debts. So, if you have a modest salary, but you are paying off your debt, your credit score is likely to be high.
Missing a Single Payment Won’t Make a Big Difference
You have to believe us when we say it will make a difference. Even one missed payment can escalate into a serious issue.
Debit Cards Can Strengthen the Credit Score
Do not be fooled by this myth. It is called your credit score for a reason, and not your debit score. So, debit and prepaid cards that you take out will not affect your credit history.
You Can Handle It all by Yourself
Obviously, you can! That being said, you will make plenty of mistakes if you go it alone. This is because you may not even know how seemingly trivial things could affect your credit score. This is where a professional credit repair company in Los Angeles could be very helpful as they have plenty of tricky up their sleeves for improving your score – something many consumers don’t know.