3 Myths That Could Tank Your Credit Score

3 Myths That Could Tank Your Credit Score

America may finally be approaching what could arguably be called peak credit score. This year, the average national FICO number is 700, just above where it stood in October 2006, before the run-up to our most recent financial collapse. The ranks of "super-prime" consumers -- those with scores of 800 and up -- have steadily increased since 2010, and now number over 41 million, more than consumers with scores of 600 or below. -- Suzanne Wooley, Bloomberg.com

Whatever your credit score is, it could probably be higher. Many people are taking steps to improve their credit worthiness -- but if they go about it the wrong way, misled by myths, they can actually hurt their score.

Image source: Getty Images.

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Source: Fool.com