I've always read that when you closed a credit card account or paid off a debt it lowered your credit score. So I'm thinking that we'll be close to zero by the time our debt is at zero, too! Here's a link that explains credit scores-click here. Any thoughts on this? It really flies in the face of what we've been taught.
Now, I've also been advised to check my credit score once a year to make sure it's accurate. I certainly don't want anything on there that shouldn't be. There's those catchy commercials with the mullet-haired guy singing about free credit reports-those are scams! You have to sign up for a program that costs you money. Don't do it.
So, everyone can check their credit report for free once a year. I learned about this from consumer advocate, Clark Howard. You can check the link to his site and find the link to get your free credit report here.