Myths About Your Credit Report

Whether you’re a consumer or a collector — when it comes to credit reports, you’re probably both. Fox Business takes a look at Seven Common Credit Report Myths:

1. Myth: Your credit report includes your credit score.

2. Myth: Intimate details, such as race, income or medical history, are included on your credit report.

3. Myth: Checking credit reports too often will hurt your credit score.

4. Myth: If you pay off a delinquent debt, the missed payment will be removed from your credit report.

5. Myth: Your credit reports merge when you get married and split when you divorce.

6. Myth: Credit agencies are responsible for granting or denying credit.

7. Myth: If you pay all your bills on time, you don’t need to check your credit report.

How many of these have you fallen for? I’ll admit to at one time believing so firmly in #3 that I refused to say the word “credit report” aloud when we were mortgage shopping in case I jinxed anything.