July 21st, 2013

Infographic: Credit Myths Debunked

10 Comments | Twitter | |


We are back with our infographic series! This week, we thought we’d do something a little different, so instead of crunching numbers we are debunking some common credit score myths. Scroll down and see how well you understand what’s impacting your score.


credit myths debunked infographic

For an added bonus, let’s bust another credit myth: Checking your own credit score does not affect your credit. Get your truly free credit score at Credit Karma today!


Amy Leone is the Public Relations Coordinator at Credit Karma. Before joining the team in June 2012 she spent most of her career as a TV news producer. When she’s not helping promote Credit Karma on a variety of media outlets, she’s probably out running or exploring her new state of California.

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  1. “Rich people don’t always have credit scores.” Yes, just because some people can generate significant income doesn’t mean they can manage it properly. Insightful graphic.

    Mike at 12:32 pm on July 30, 2013
  2. Hello Sir, Mama

    I believe there is a serious mistake made in my credit report and it needs to be looked at and corrected so that I can receive a better credit report and obtain good scores. On Dec.31,1969 I was a High School Student and graduated from High School in 1974, how would I have a debt of $6,334 USDOE/GLESI Auto Loan or Student Loans dated from Dec. 31,1969 to Present June 21, 2014? This issue needs to be removed off my credit report.

    Thank You!

    Roosevelt at 12:32 pm on June 21, 2014
  3. Mike

    Hi Roosevelt – Thanks for your comment! Occasionally, when accounts have no information entered for date of opening, the date will default to 1969. If you’d like to look into this further, I’d suggest contacting our support team at support@creditkarma.com. Thanks!

    Mike at 4:35 pm on June 23, 2014
  4. Do medical bills look bad as collections when applying for a home loan? I have paid off most of the collections and had a few removed, but the medical ones are something I thought I could pay over time and it would not affect my credit score.

    Matthew at 8:06 pm on August 22, 2014
  5. Mike

    Hey Matthew – Thanks for your question. To learn more about accounts in collection, I’d suggest this blog post: https://www.creditkarma.com/article/accounts-in-collections

    Mike at 8:27 am on August 25, 2014

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