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There are several misconceptions when youcheck your credit score regularly. Here arethe top truths and fictions about your creditreport. Recheck what you know about yourcredit by using these things as your creditrepair guide.

If you work hard to double the money you make thinking that it will help make your credit score better, you’re wrong. Your income is not in any way reported to the credit bureaus or listed in your credit reports.

is, when you check your report for your

educational purposes, it will fall under the category called soft inquiries. This means, it will not in any way affect your credit score. Meanwhile, if it is a

creditor or lender that requests a copy of your credit report for certain purposes such as extending your

loan or credit, this falls under the hard credit category that will surely have a negative impact on

your score.

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.

It is definitely NOT TRUE that having a bad credit now means you’ll have a low credit forever. Paying your debts and bills on time will help you improve your low credit. Also, having a stronger sense of responsibility and checking your credit report regularly may help in repairing your credit.

Read the article at: http://www.newhorizon.org/credit-info/know-facts-acquire-get-free-credit-report/ to know the length of time or span of years the information in

your credit report will stay in your credit.