13 Myths About Credit Scores in the UK Debunked

Описание: Are you confused about your credit score? You're not alone! In this video, I dive deep into the 13 most common credit score myths in the UK and debunk them once and for all. Whether you're planning to apply for a mortgage or a credit card or want to improve your financial health, understanding these misconceptions is crucial for your financial future.

Join me as I explore topics such as:
The truth about credit checks and their impact on your score
Whether closing old accounts really helps or hinders your credit
The myths surrounding credit score ranges and what they really mean
How your income affects your credit rating
And much more!

If you find this video helpful, please consider liking and subscribing for more valuable financial tips. Let's bust these myths together and take control of our credit scores!

#CreditScore #MythsBusted #UKFinance #FinancialEducation #CreditRating #2024Finance #ImprovingCreditScore

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🕒 *Timestamps:*
00:00 Overview
00:35 Checking Your Credit Score Lowers It
01:58 Being on the Electoral Roll Doesn’t Matter
02:36 Your Salary Affects Your Credit Score
03:10 Marrying Someone with Bad Credit Affects Your Score
04:47 Closing Old Credit Accounts Improves Your Score
05:37 Paying Off a Debt Removes It from Your Credit Report
06:53 You Only Have One Credit Score
07:47 Applying for Multiple Loans Will Boost Your Chances
08:34 Using a Credit Card Will Hurt Your Credit Score
09:50 You Can Pay to Boost Your Credit Score
11:07 Late Payments Have an Immediate and Major Impact on Your Credit Score
12:03 Your Credit Score Is the Sole Factor in Loan Approval
12:55 Your Credit Score Reflects Your Worth as a Person
14:11 Final thoughts

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