5 Credit Myths That Are Quietly Costing You Money

Misconceptions around credit hold back millions of disciplined African consumers. Let's debunk the 5 biggest credit myths:

1. **Myth 1: "Checking your own score lowers it."** — Checking your score on CreditVeto is a soft inquiry that never negatively impacts your rating. 2. **Myth 2: "Credit is only for people who can't afford things."** — Smart business leaders use credit to preserve cash flow and scale faster. 3. **Myth 3: "Paying rent doesn't count towards credit."** — With CreditVeto alternative credit reporting, timely rent payments directly boost your profile! 4. **Myth 4: "You need a high income to have a good score."** — Payment consistency matters far more than salary size. 5. **Myth 5: "Being credit-invisible means you have good credit."** — Having zero credit history often leads to automatic loan rejections.