2 min read

3 Credit Score Myths Debunked (Video)

3 Credit Score Myths Debunked (Video)


A good credit score is a vital piece of your overall financial health, but there are many misconceptions about what can hurt your score. Let’s clear some up now.

Myth #1: Checking your credit score lowers it

Regularly monitoring your credit is an important part of maintaining a healthy score. Requesting a report from credit bureaus is considered a “soft pull,” and it does not affect your credit score. Only “hard pulls,” such as those required when applying for credit, temporarily impact your score.

Myth #2: Getting married merges your credit score with your spouse’s

Your credit report stays unique to you even when you get married. When you apply for new credit with your spouse, both of your credit scores will be considered. After opening a joint loan, actions by either of you will reflect on both of your credit reports.

Myth #3: Closing a credit card improves your credit score

Closing a credit card does not improve your credit score. In fact, closing a card will likely temporarily lower it. If there’s no annual charge and the interest rate is low, consider keeping the card open.

There you have it! You can monitor your credit score regularly, marry without merging scores and keep your credit cards open – all without impacting your credit score!

Josh Klipping

Josh Klipping

Relationship Banking Officer (515) 271-1002 Email Josh

Josh Klipping is a relationship banking officer at the Windsor Heights branch at Bankers Trust. He joined Bankers Trust as a consumer services representative in 2014 and moved to his current position in 2017. In this role, Josh assists customers with an array of banking needs, from opening accounts to applying for loans. Josh enjoys working with customers and strives to understand their needs.  

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