8 Common Credit Myths Debunked

Credit Confusion

Credit may be a big part of most consumers’ lives, but that doesn’t mean everyone fully understands the industry. “For many people, credit is a weird thing,” says Todd Albery, CEO of credit education site Quizzle.com. He believes many consumers are intimidated by the notion that there is a “secret system used to generate a score that follows you all over the place.” In an attempt to help you become more credit savvy in 2012, we spoke to experts to clear up some common misconceptions about credit cards and credit scores. Photo Credit: Getty Images