The 3 Most Common Misunderstandings.1. My credit score will nosedive if I check my own credit report. In fact, the biggest stumbling block to sound credit health is the inertia associated with conducting proactive spot checks.
2. Credit card companies are the final authority when it comes to reporting.
3. Credit card interest rates are etched in stone. Interest rates fluctuate. Issuers use a variety of methods to compute your interest rate.