If you are looking for a fast, free and accurate web-site to track your credit score than creditkarma.com is for you. I have been using credit karma for a couple of years now. It shows your current credit score through TransUnion and Equifax, 2 out of 3 of the major credit reporting agencies. Apart from showing you your credit score and being free, it also give you recommendations on credit cards, personal loans, car loans all based on your credit score. It also has debt solutions which can help you create a plan to manage your debt. These services are very detailed and ask for some personal information to give you the best results, finding you the lowest interest rate with affordable payments. This web-site also offers community …show more content…
This article shows four myths and bust them. The first myth is that making the minimum payment is enough. It is not you should pay off your cards in full each month so you do not incur interest. If you can't pay the full amount paying more then the minimum will allow you to pay off your debts faster, saving you in the long run. The second myth is that 0 percent introductory APR lasts forever. Again false, it is an introductory rate, which is a promotion to lure you into applying for credit. The 0 percent last only as long as the contract says, typically 6-18 months. Myth number 3 is "opening a new credit will hurt your credit score for a long time." When you apply for a new credit card it results in a hard inquiry, which may drop your credit score a few points, but in the long run the more credit you have will increase your score, as long as you keep up with your payments and keep your balance low. The last myth is that you must carry a balance in order to improve your credit score. I myself thought this when i first got my first credit card, but i learned that no you don't. Having a balance will just add to the amount of interest, which can add up and potentially lower your score if your balance becomes to