3 Myths About Credit Cards and Credit Scores

Whether it’s three credit cards or just one, a common misconception is that it doesn’t matter how much is spent on the card, as long as it’s being paid off. However, establishing steady credit takes time, and rushing the process will only do more harm than good. As one of the questions loan consultants receive most frequently, there tend to be some common misconceptions concerning credit cards and credit scores. If you too have been using your credit card and pay it off in full every month, shouldn’t that help your score?