Debunking Credit Score Myths

Parents aren't so bright when it comes to what behaviors will impact their credit scores and that could brush off on their kids. In March, ING Direct bank commissioned Harris Interactive to conduct an online survey of 1,042 parents of children age 17 years and younger. • The survey discovered more than half, 56 percent, of those surveyed thought bouncing a check or paying a fee for having non-sufficient funds in their bank account would reduce their credit scores. Wrong.

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