5 On Your Side
Common misperceptions can hurt your credit score
Let's say you have $1 million in the bank, but no credit history. Are you GUARANTEED a credit card when you apply? No, you're not!
Posted — UpdatedLet's say you have $1 million in the bank, but no credit history. Are you GUARANTEED a credit card when you apply? No, you're not!
It's one of many common misconceptions involving your credit history and the all-mighty FICO, or credit score.
Your credit score follows you everywhere, impacting everything from insurance rates you pay, to utility deposits, even whether you land a job!
Thursday at 5 on WRAL-TV, we'll sort through the misunderstandings and lay out the four best ways to boost your score.
We'll also show you what you need to know about children and credit. Yes — very young children can already have bad credit. We'll tell you what's behind it, and what parents need to do about it.
See you Thursday at 5!
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