The Credit Score Myths That Are Costing You Thousands

72% of Americans believe at least one credit score myth that's actively hurting their score or costing them money. Carrying a balance helps your score? Wrong. Closing old cards cleans up your credit? Wrong. A high income means a high score? Wrong. In this video we bust every major credit myth with the actual data — and show you what actually moves your score. ⚠️ DISCLAIMER: This video is for educational purposes only and is not financial advice. Credit score impacts vary by individual situation — always consult a licensed financial professional before making major credit decisions. #CreditScore #CreditMyths #PersonalFinance #CentWise #CreditTips #FICO #CreditRepair #MoneyTips #FinanceTips #CreditScore2026