Over the years, as the concept of credit score has become more popular, the consumers’ concern with their credit scores have increased. However, people tend to form false assumptions and erroneous beliefs due to few credit score myths. However, these myths are so convincing that people fail to identify these myths, ending up affecting their decision making quite often.
If you do not manage your credit wisely that can lead to a poor credit score and increased the cost of credit in terms of fee and interest paid. Both these outcomes can affect your financial position negatively in the long run. Our mission at mymoneykarma.com is to help you have great financial health and the following would help you build a healthy financial health