Your Credit Score

Your FICO® credit score can be your single most important asset—or opposing barrier —when securing a loan or other form of credit.


Credit Myths

Credit is a complex subject, and like most complex subjects, it's often misunderstood. As a result, many people learn information about credit that simply isn't true. Credit specialists at NCC are trained to help you navigate the myths and understand the truth about your credit.

  • Paying off your collections will help your credit score

  • Once you pay a collection, charge-off, judgment, or tax lien it no longer impacts your credit score

  • Using your credit cards a lot will increase your payment history and raise your score

  • Multiple credit inquiries pulled at one time in the same industry will not negatively impact your credit score

  • Consumers have just 3 credit scores

  • It is better if an account goes late occasionally than if it goes bad altogether
    Paying off your auto loan, student loan, or mortgage loan will help improve your situation

  • Paying off your major credit cards and leaving the small store cards maxed is the better choice

  • You should pay off one revolving account at a time

  • Paying a large up-front credit repair fee will get you better service

  • After 7 years, a negative item on your report will disappear and will no longer lower your score

  • Having a third party, such as a consumer credit counseling firm, manage your finances will help improve your credit score more quickly

  • For corrections, the burden of proof lies with the consumer

  • “My divorce decree states that my spouse is responsible for that debt, so any future negative items will not impact my credit score”

  • Your collection was sold, so the original one will be erased

  • You need to contact your creditors rather than the bureaus every time you think there is a mistake on your credit report

  • The credit bureaus, creditors and lenders are your friends!

  • You have only 1 credit score

  • A higher salary will improve your credit score

NMLS# 149728  I   Co. NMLS# 3138

  • Facebook - Grey Circle

Christian Roberts Mortgage (CRM), and its loan officers, are not liable for information, claims or agreements made by/between the public and third-party entities. These third-party entities may include, but are not limited to: builders, developers, or real estate agents. Even though the loan officer co-sponsoring this site makes efforts to update the information contained, much of it is provided by independent vendors and data feeds, and thus, this site may contain errors, outdated information or purchase conditions, promotions, incentives and/or possible omissions. CRM cannot guarantee the accuracy of information provided, and we encourage buyers to complete their own due diligence in making a decision to build or purchase a home. We also suggest that you seek the professional representation/advice of a licensed Realtor®, as well as any other licensed professional that is appropriate to your purchase decision, including, but not limited to: attorney, accountant, or certified financial planner. Visitors to this site are responsible for the use and decisions made regarding the purchase of a home with regards to the information contained herein.CRM is an Equal Housing Lender.

Disclaimer: No statement on this site is a commitment to make a loan. Loans are subject to borrower qualifications, including income, property evaluation, sufficient equity in the home to meet Loan-to-Value requirements, and final credit approval. Approvals are subject to underwriting guidelines, interest rates, and program guidelines and are subject to change without notice based on applicant's eligibility and market conditions. Refinancing an existing loan may result in total finance charges being higher over the life of a loan. Reduction in payments may reflect a longer loan term. Terms of any loan may be subject to payment of points and fees by the applicant. Christian Roberts Mortgage. is an Equal Opportunity Lender.