Seems like these days everybody's into fake news, what is news? What isn't what's being said what's not the lies. And so I thought I'd entitle this particular section, fake news, credit, fake news and what we hear. If you handle your finances responsibly, your credit scores will take care of themselves. The fact a credit score is not a financial health score. It doesn't measure your income, assets or financial savvy.

There are some behaviors that may be good for your wallet that aren't good for your scores. Keep in mind that credit scoring formulas have one primary purpose to help lenders gauge the likelihood you'll default based on how you handle credit. If you stop using credit or use it in a way the formulas don't like using only one card shutting down a bunch of accounts or maxing out your cards. Even if you pay them off in full his scores will suffer.