It is entirely possible for people to use raise credit score techniques without the help of a hired professional. With just a little organization and time, you can get your credit repaired just in time to get approved for a loan. Unfortunately, those who prefer the do-it-yourself method often end of making matters worse by doing things that actually affect them in a negative way. Don’t fall victim to raise credit score methods that hurt you by implementing some of these myths.

Myth #1: Closing Credit Card Accounts can Raise Credit Score

This is generally not the case for two reasons. Lenders like to see a long credit history on your report. The less history you have, the lower your credit score will be. Secondly, closing accounts can limit your available credit to debt ratio. If you are closer to maxing out your credit cards, that does not bode well with lenders. They like to see that you have lots of available credit because that is an indication that you know how you manage your money and pay back your loans on time.

Myth #2: Piggybacking Works

Piggybacking used to be an effective method to almost instantly increase your credit worthiness. This was the process of having someone with good credit add you to their accounts as an authorized user of the account. In doing so, their credit history would end up on your personal credit report. As a result you would have a glowing report. Unfortunately, people starting abusing this loophole by selling their information to people with poor credit scores, which corrupted the integrity of the entire FICO scoring system.

These are just two of many credit score myths that exist. Repairing your own credit is entirely possible, but only if you know what you are really doing. Don’t fall victim to practicing techniques that can actually make things worse.