7 Credit Misconceptions and Myths Debunked

By on May 19, 2015
FCPAmyth

Fcpamericas.com

I’ve heard people call the credit report the financial report card and the credit score the financial G.P.A., with the lenders being the school administrators that will ultimately approve or deny you from getting a loan/ getting into college. But, to put it simply your credit score is a three-digit number that gives the lenders an idea of how much of a risk you would be to them. The lower the number – the higher the risk, the higher the number – the lesser of a risk you would be to the lender. Here are 7 Credit Misconceptions and Myths Debunked.


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