5 Credit Facts You Might Have Wrong

credit facts


Racking up credit debt is easier than ever. Today, with the click of a mouse or the tap of a screen, you can literally purchase to your heart’s desire within milliseconds.

On the flipside, there are trustworthy resources, like us, where people can educate themselves and adopt better planning and consolidating decisions.

However, not everything you read on the Internet is true, as you probably know. Credit facts can be skewed or misleading, so we wanted to clear up some of the biggest credit myths out there.

Let’s explore.

Five credit facts that need to be cleared up

1) “Once it’s broken, you can’t fix it”

Don’t give up before you’ve even started!

If your credit score needs help, it’s not a hopeless situation. Every situation is different, but we can guarantee that there is a strategy we can build to help you get your credit score where you want it to be.

Pro tip: Instead of adding to it, stop the problem now. Start paying with only cash, and ditch the credit cards altogether. If it’s not in your checking account, don’t spend it.

2) “Credit checks will hurt my credit score”

This is possibly the biggest credit facts myth we want to debunk. There are two types of credit checks, hard and soft. Soft credit checks, which you request (personally), are only shown to you and will not affect your credit score.

Pro tip: Keep tabs on your credit reports with a bi-annual check up through Experian. That way, when you need to make a big purchase, a hard credit check (from a third party vendor) will be worth the cost.

3) “Closing out my credit card accounts will improve my credit”


Closing out a long-term credit card account is actually kind of foolish. Having a long history with a balanced credit card can work for you, not against you. Don’t close out your accounts for no good reason.

Pro tip: If you want to get rid of some cards, speak with an expert first to decide which ones are the best ones to get rid of.

4) “It’s impossible to be debt-free”

If we were to do a credit facts check, this fact would come up as totally false. Although it can be messy, it is not impossible to create a credit score you’re proud of.

Pro tip: Every day you wait to get help is another day you could be working toward good credit.

5) “I have bad credit, so I’ll never get a loan”

This is not entirely true. Just because you have bad credit doesn’t mean you’re a bad person! You deserve to enjoy the finer things in life, just like anyone else. Loans are still within reach, you just have to know where to look.

Pro tip: Consider a personal loan. Lenders created this option with borrowers who have bad credit in mind.

Let us help you help your credit

Chances are, you have a full-time job and you’re probably really good at it. You’re skilled in what you do, and you’re the best fit for it. Right?

So, why go outside of your scope and try to handle your credit dilemma on your own? Let us help you get your credit facts right.

At CreditZipper, we are a skilled team that can help you achieve the credit repair you deserve. We focus on reporting errors and improving credit scores at the fastest rate possible.

We are here for you, and we believe that everyone should have peace of mind when it comes to their credit.

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