Getting older doesn’t mean you can ignore your credit score. In fact, your credit health matters just as much after 60 as it did in your 30s or 40s. Many people believe their financial habits are set in stone by retirement, but that’s not true. Credit scores still affect your ability to get loans, rent an apartment, or even qualify for better insurance rates. The problem is, there are a lot of credit myths floating around—especially for people over 60. Believing the wrong thing can hurt your score and make life harder. Here are seven credit myths that could destroy your score after 60, and what you should know instead.
