Top Credit Myths Debunked

Welcome to our series on common credit myths! Understanding the truth behind these misconceptions is crucial for building and maintaining a healthy credit profile. For comprehensive credit improvement strategies based on facts (not myths), see our guide on how to build your credit. Explore the articles below to learn more.

Featured Myths:

• Should You Really 'Dispute Everything' to Fix Your Credit?
• Should You Never Close Your Oldest Credit Card?
• Is a Hard Inquiry Really Only Worth a Few Points?
• Does More Accounts Mean Better Credit Mix?
• Experian Boost: Real Help or Just a Gimmick?
• Rebuilding Credit: Is Opening New Accounts the Best Way?
• The 30% Credit Utilization Rule: Fact or Fiction?
• Credit Score vs. Credit Profile: What Really Matters for Approval?
• Does Closing a Credit Card Erase Its History or Hurt Your Score?
• Do Multiple Monthly Payments Build Credit Faster?
• The Myth of a Single Credit Score: Why You Have Dozens
• Does Paying Debt Slowly Build More Credit?
• Credit Score Changed? There's Always a Reason
• Are Credit Limits a Direct FICO Scoring Factor?
• Do Hard Inquiries 'Age' and Slowly Lose Impact?
• Credit Karma 101: The Good, The Bad, and The Misleading
• Goodwill Letters: Can They Really Get Late Payments Removed?
• Are Online Credit Card 'Approval Odds' Accurate?
• (More myths will be listed here as they are created)