Reported 15 days ago
Many individuals hold misconceptions about credit scores that can negatively impact their financial health. Julien Saunders, a credit expert, clarifies two prevalent myths: first, that carrying a credit card balance improves credit scores, which actually leads to higher interest charges; and second, that credit scores indicate wealth, when they are a reflection of responsible financial behavior. To improve your score, it's crucial to pay off balances monthly, maintain low credit utilization, automate payments, and regularly check your credit report for errors. Building good credit is about consistent habits, not just income.
Source: YAHOO