Credit scores control more than just loan approvals—they affect jobs, insurance rates, and even where people can live. Yet, the average consumer is still navigating a maze of misinformation. Much of that confusion is fueled by persistent myths, many of which are quietly endorsed—or at least not corrected—by big banks and financial institutions.
These myths benefit lenders, not consumers, by encouraging behaviors that can cost people more in interest, fees, and missed opportunities. It’s time to shed light on the myths that continue to circulate and why they need to be put to rest.
