Ventura Real Estate: 11 Credit Report Myths

by Gary and Lisa Schoeffler on September 14, 2011

in Latest News

Most people have heard about the alligators in New York’s sewers and the little kid with cancer who wants a zillion postcards. Unfortunately, those aren’t the only myths floating around out there.

A lot of the things that people “know” about credit reports and credit scores have about as much validity as those monstrous Manhattan alligators.

Credit report myths

  1. Paying my debts will make my credit report instantly pristine
  2. Credit counseling always destroys my credit score
  3. Canceling credit cards boosts my score
  4. Too many inquiries hurt my score
  5. Checking my own credit report harms my standing
  6. FICO scores are locked in for six months
  7. I don’t need to check my credit report if I pay my bills on time
  8. All credit reports are the same
  9. A divorce decree automatically severs joint accounts
  10. Bad news comes off in seven years
  11. I can always pay someone to fix or repair my credit

These are great tips! I’m willing to bet you believed at least one of these…

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Post by Gary and Lisa Schoeffler

Gary and Lisa Schoeffler are Ventura Real Estate Professionals specializing in residential real estate. Their expertise in helping both buyers and sellers is widely recognized in Ventura County. How can they assist you today? Wondering what the market is like? Call them, they will be happy to talk with you about it. 805-320-4472

Gary and Lisa has written 371 articles.

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