People are having to make tough financial choices today, but many don’t have to wreck their credit scores if they know how the system works.
With the same amount of money, you can make decisions that kill your credit score or ones that keep your score – or at least give you the ability to rebuild your score quickly later. Most people have wrong or little information about
how the system works, and that’s a big reason scores go down when difficult decisions are made during a recession.
There are three common misconceptions that needlessly lower credit scores.
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