10 common credit score myths

Matthew Frankel •
The Motley Fool
Close up hand of woman holding the blank screen of moblie phone and credit card to pay the product shopping online

The FICO credit scoring model is misunderstood by many consumers. There are some popular misconceptions about what actions can boost or damage your score, what’s factored into your score, and how your credit score affects your ability to buy a home or car. With that in mind, here are 10 of the most common credit


What your credit score is trying to tell you

John Ulzheimer •
The Simple Dollar
old rusty surface with numbers

Have you developed the habit of regularly checking your credit reports and scores? If so, kudos to you. You’re already doing a better job monitoring your credit than most Americans. However, if your focus remains fixed solely on those three-digit scores, you could be missing some valuable and helpful information — your “score factors.” What are