The following are the thruth behind undying credit myths. Re-check what you know about your credit by using these things as your guide. For more information read http://www.newhorizon.org/credit-info/truth-behind-undying-credit-myths/ Get a copy of your credit report http://www.newhorizon.org/Info/creditreports.htm

1. TheFactsBehindThe
UndyingCreditMisconceptions
by: www.newhorizon.org

2. The following are the truth behind
undying credit myths. Re-check what
you know about your credit by using
these things as your guide.

3. TRUTH:Nomatterhowmuchyouearnwillnotaffectyourcreditscore.
If you strive to double the amount of money you make
believing it can help establish your credit rating
better, you’re wrong.
Your income is not by any means reported to the credit
agencies or listed in your credit history.

4. Fiction:Whenyoulookatyourcreditfileregularly,itwillloweryourcreditscore.
Truth is, when you check your credit report for informative
purposes, it will fall under the category called soft
queries. Meaning, it won't by any means impact your
credit rating.
At the same time, a creditor or lender that demands a copy
of your credit report for certain reasons such as
extending your loan or credit, this falls under the hard
inquiries category that will have a damaging effect on
your score.

5. Truth:Terminatingoldaccountswillnotboostmycreditscore.
If you’re planning to close old and inactive accounts to
improve your credit, better think twice. Doing this will
actually lower your credit score.
Better yet, check your available credit, ask for your credit
limits to be reduced, or close newer accounts instead.

6. FORMOREINFORMATIONREAD
http://www.newhorizon.org/credit-info/truth-behind-undying-credit-myths/
GETACOPYOFYOURCREDITREPORT
http://www.newhorizon.org/Info/creditreports.htm