If you're a fan of Television's "Mythbusters," then you might already know the reality about many favorite fictions - like how a heated Jawbreaker is able to explode when you bite into it, or even that a house ceiling fan cannot decapitate you, or that your toilet seat is the cleanest surface area in your home. While these are fun myths to debunk, learning the information of these fictional stories almost certainly won't affect the private finances of yours.
What can impact the wallet of yours is the thing that you know - and as importantly, what you do not know - about your credit repair.com customer service (www.gaibandhahelpline.com) score. The credit score of yours is a three-digit numerical representation of your credit-worthiness, or how likely you are to reliably pay back cash you borrow. It can look simple enough, but credit scores are not always intuitive. Even after you think you are doing the correct thing financially, you might be actually hurting the score of yours.
In relation to credit, knowledge is power. Here are the actual facts behind 10 frequent credit score fictions:
Fiction: The more cash you are making, the greater the credit score of yours will fare.
Fact: Your income has practically nothing to do with your credit score. It's not reported to the credit bureaus or even listed on the credit report of yours.
Fiction: Once you have paid out a past due debt, it will drop off of your credit report.
Fact: Late payments as well as other negative information remain on the credit report of yours for 7 years through the date of the first late payment. Bankruptcies generally stick around for ten years from the bankruptcy filing date. While that black mark might go on to soil the report of yours, however, the effect of its on the score of yours is going to lessen over time.
Fiction: Credit bureaus and those reporting to them don't make a few mistakes.