Over the years as the credit score has become more mainstream the consumers concern with their credit scores has increased due to many erroneous believes and credit score myths. These myths have gained legitimacy simply because they have been repeated enough times by many people.
However, a myth is not important in the real world as it has no credence, it only effects our decision making as we factor that myth in our decision process.
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