Money Monday: Myths about credit score

Don’t fall for these myths about your credit score!

  1. Your credit score drops whenever you look at it
  2. You need to close credit cards that you don’t use
  3. Paying off that negative account takes it off your record
  4. Cosigning on a loan doesn’t mean you’re responsible to pay it
  5. Making payments on time show up on your credit score
  6. Your payment behavior shows up on your report

6 Myths about Credit Scores

This infographic is from CAR.org.

John A Silva
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John A Silva

John Silva has over 21 years experience in residential real estate. He is a San Diego native, specializing in helping sellers & buyers, with extra experience in: modifications, short sales, and negotiation.
Contact me today for real estate assistance! (619) 890-3648 | Email me
John A Silva
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