It is quite possible that you believe some myths about getting and using credit and because of those myths; you may be missing out on some real opportunities to use credit wisely.
There is no doubt that scores are hard to figure out and credit histories can be very overwhelming to manage. But, do you know the real impact of a score? You might not.
In a recent survey, a number of people were surveyed to determine just how much they knew about the impact of a bad credit score. For example, do you know how much extra it will cost you to have a bad score as compared to having a good one?
Here's an example if you had a 60 month automobile loan of $20,000, you likely would pay an extra $5000 more in interest if you have a bad credit score. That information comes from VantageScore Solutions. Read More