Credit Triangle is a platform that offers credit health improvement services for individuals and corporations.

They help manage factors that positively impact your credit wellbeing, such as debt management and credit monitoring.

Credit Triangle can help you boost your credit score and learn more about how debt management works for you.

They provide monthly reports on your progress, which is a perfect way to stay on top of things.

Here are some common myths about credit scores:

A low credit score disqualifies you from all credit cards: This is not true. While a low credit score can make it harder to get approved for credit cards, it doesn’t mean you won’t be able to get one.

Paying your utility bills on time improves your credit: While paying your utility bills on time is important, it doesn’t directly impact your credit score. However, if you miss payments, it could negatively impact your credit score.

Experian, TransUnion, and Equifax calculate credit scores the same way: While all three credit bureaus use similar methods to calculate credit scores, the scores may differ slightly due to differences in the data they collect .

Every adult automatically has a credit score: This is not true. You need to have a credit history to have a credit score. If you’ve never taken out a loan or credit card, you may not have a credit score .

Checking your credit hurts your credit score: This is not true. Checking your own credit report or score is considered a “soft inquiry” and does not impact your credit score. However, if a lender checks your credit as part of a loan or credit card application, it will be considered a “hard inquiry” and could impact your credit score.

I hope this helps clear up some common misconceptions about credit scores. Let me know if you have any other questions.

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