Credit Myths That Could Be Hurting Your Score

There’s a lot of bad advice out there. Let’s bust some myths.

Myth 1: Checking Your Own Credit Lowers Your Score

❌ False. Soft inquiries (like checking your own report) have zero impact.

Myth 2: Closing Old Accounts Helps

❌ False. Closing an old card can shorten your history and raise your utilization, both of which hurt your score.

Myth 3: You Need to Carry a Balance

❌ False. Paying in full every month is the smartest move. Carrying a balance just means paying interest.

Myth 4: One Late Payment Doesn’t Matter

❌ False. Even a single 30-day late mark can stay on your report for 6 years.

Key Takeaway

The truth: steady, responsible habits matter most. Don’t let myths steer you wrong.

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