Chicago, IL (PRWEB) November 01, 2013
The US News & World Report published “10 Things Consumers Don’t Understand About Credit Scores”, an article featured on October 23, 2013 that reveals 10 common misconceptions that most people have about what factors into a credit scores. On the heels of the list, FinanceAcceleration.com urges newlyweds to educate themselves about credit scores, how they are determined, and other aspects of personal finance.
Throughout the article, Stephanie Steinberg shares valuable insights about credit scores that tend to be confusing areas for most consumers. Some of these misconceptions include that there is only one type of credit score, a credit card stops aging the day one closes it and medical debt is dealt with differently than other kinds of debt when factoring a credit score.
In response to the list provided by The US News & World Report, FinanceAcceleration.com advises newlyweds to educate themselves about the ins and outs of credit scores to maintain financial stability.
As the senior editor of FinanceAcceleration.com explains, “One or two bad decisions now can greatly affect personal finances in the future. When it comes time to buy a house or a new automobile, your credit score could be the difference in securing a loan or not.”
For newlyweds already dealing with a bad credit score, FinanceAcceleration.com not only recommends education about raising the credit score but also watching this video about how to acquire a bad credit loan.
In her article, Stephanie Steinberg shares 10 common misconceptions that people have about what can impact a credit score. In light of the list of misconceptions, FinanceAcceleration.com reminds newlyweds of the importance of knowing how a credit score is determined.
FinanceAcceleration.com is a website that helps newlyweds learn more about personal finance. By sharing expert advice and insights, FinanceAcceleration.com has become the premiere financial online resource for newlyweds.