3 Myths About Your Credit Score Debunked

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Lately, I’ve been compulsively checking my credit score. I needed a new apartment, I’m applying for loan consolidation, and I’ve been looking into getting a credit card. I wanted to know if these applications impacted my score.

Then, I was on the phone with my mother recounting my obsessive rituals—and she yelled at me: “You can’t do that!! It will RUIN your credit score. Every time you check your credit it goes down!!!”

Well that’s no fair … and it turns out, not true.…

3 Ways To Safely Build Your Credit Score In College

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You check your grades, emails, and missed calls, right? But have you checked your credit score?

If you read this with a glazed look over your eyes, it’s OK—in college, I also had no idea what a credit score was or why it’s so important. Until, like Sasha, I tried to rent my first apartment. I didn’t have a long credit history. “That can’t be so bad,” I thought. At least it’s not bad credit, right?

Well … I had no way to convince leasing offices that I’m capable of punctually paying rent. To them, I was still a risk!…

The Mystery Behind Your Credit Score Calculation

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If you’ve come this far, you probably realize how important it is to have a good credit score. A bad credit score can prevent you from borrowing loans you may need to purchase a home or vehicle, cause you to have high interest rates, or even keep you from getting a job or an apartment.

Most lenders or companies that inquire about credit scores use the FICO score. But what goes into it? You may not realize everything that does or how each factor is weighed. If you don’t know, how are you supposed to better your score?…