The Credit Score Information Site

Introduction

It can not be repeated enough how important it is to have a good credit score. The history of credit scoring has always been riddled with controversies. Until now, there is no clear guideline for consumers in knowing what could help or hurt their credit scores. Credit bureaus have insisted on keeping their credit scoring formulas as a secret to protect their business from competitors and keep the consumers from beating the system.

The easy access to information does not guarantee people that all they hear or see is accurate and based on facts. When it comes to credit scores, you might have come across information that turned out to be false. If you use this information, without verifying it, you might end up hurting your credit score. in order to help you avoid such financial mistakes, read the following sections to learn more about some of the most common misconceptions or myths about credit scores. 

Further Reading: See below for more information on Myths About Credit Scores

Myths About Credit Sores: Introduction 
Myth 1: Boost Scores With Lower Credit Limits
Myth 2: Closing Accounts Will Improve Credit Scores
Myth 3: Consumers Can Hurt Credit Score By Checking Their Report 
Myth 4: Shopping Around For Best Rates Will Hurt Credit Score