Credit Score Myths
There is quite a bit of misinformation that has been circulating among friends, co-workers and family members for some time relating to credit scores. However, it is important for you to understand fact versus fiction in evaluating these myths to help ensure that you make the most responsible spending decisions possible.
Though credit scores can be a major deciding factor in many financial endeavors you want to engage in, it is important to understand that you may have options in dealing with poor credit scores, excessive debt and other financial woes. To learn how an experienced attorney can help you emerge from this difficult time, contact the New Orleans debt negotiation attorneys of Kervin & Young, LLC today at 504-599-5906.
Examining the Myths
The following myths have been aggregated from various web sites and other sources regarding credit scoring and credit reports:
- Paying off debts will automatically make my credit score attractive.
- Canceling credit cards will boost my score.
- Too many credit inquiries will hurt my score.
- All credit reports are the same.
- FICO scores are locked in for six months.
- Checking my own credit will hurt my standing.
These common generalizations can often make individuals misinformed about credit scores and could potentially cause harm to their scores if they do not know which behaviors to engage in and which to avoid. The right way to help ensure that you are making the most responsible financial decisions is by contacting an experienced legal professional. An attorney can help you fight for your rights in a court of law and may be able to leverage the law to help you emerge from this difficult time.
Contact Us
If you are currently facing debt or bankruptcy woes, you should immediately discuss your situation with an attorney. Contact the New Orleans debt negotiation lawyers of Kervin & Young, LLC today at 504-599-5906 for more information.