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5 Myths About Credit SCORE Everyone Thinks Are True

We managed to put together 5 such common credit score myths in order to bring clarity on the concept and workings behind your credit reports.<br>Visit: https://creditscore.clix.capital/

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5 Myths About Credit SCORE Everyone Thinks Are True

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  1. 5 Myths About Credit Score Everyone Thinks Are True

  2. Debunking Credit Score Myths • While you may think that you fully understand your credit score and credit report, but there are some myths, which need to be addressed. • Some of these may just cloud your judgment and lead to wrongful financial-assessment.

  3. Credit Score Facts & Fiction We managed to put together 5 such common credit score myths in order to bring clarity on the concept and workings behind your credit reports.

  4. Point .1 Myths Truths • My personal information affects my credit score. • This is absolutely incorrect! • Your credit file is free from personal details like your likes or dislikes, income details, race, marital status, and likewise.

  5. Point .2 Myths Truths •  If I check my credit report, it can affect my credit score. • Well, this myth is partially true. Let us explain. • Whenever you apply for a loan or a credit card, the lender performs a credit check on your behalf to procure your credit profile. • This is called a hard inquiry and it does land up on your credit report affecting your score.

  6. Point .3 Myths Truths • My credit score is affected by my income. • Most people think that having a higher income would guarantee a high credit score. This is incorrect.

  7. Point .4 Myths Truths • You can share your credit score/history with your spouse. • This is a common myth, people believe that their credit history and score can be merged with that of their spouse/ partner. This is incorrect.!

  8. Point .5 Myths Truths • I should not take debt as it can affect my credit score negatively. • Another common myth, taking a debt or a loan can bring down the credit score or affect it negatively. Incorrect

  9. Clix Capital Services Private Limited Address: 901b, 9th Floor, Two Horizon Centre, DLF Phase V, Gurgaon, Haryana, India – 122002 Phone Number: 1800 200 9898 Email us at : hello@clix.capital Website: www.clix.capital

  10. Read More: https://www.clix.capital/clixblog/credit-score-myths-the-truth-behind-them/

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