Skip to content
Infogram

Credit misconceptions

All of the following statements are false and the percentages are those who thought they were true.
Leaving a small balance onyour credit card is betterfor your credit score thanpaying it off completelyeach monthChecking your own creditscore can cause it to godownClosing a credit card youno longer use can helpyour credit scoreIf you check your creditscore in two places, andthose scores are different,it's a sign that one is likelyinaccurate010%20%30%40%50%60%
Source: NerdWallet survey conducted online Aug. 18-22, 2022, by The Harris Poll. Respondents include 2,052 Americans.

Credit misconceptions, by generation

All rights reserved © 2025 Infogram. Terms & Privacy
Infogram and Infogr.am are registered trademarks of Prezi, Inc.