Money issues can be complicated, frequently leading to confusion as a result of the many “urban myths” that are often taken as fact. Five of the most common myths about credit are explained in this financial fast facts video from the National Foundation for Credit Counseling
1. “Bankruptcy Wipes the Slate Clean, Leaving me Debt Free”
2. “As Long as I’m paying something toward my debt, I’ll remain in good standing”
3. “I don’t have any credit problems. so there is no reason for me to check my credit report”
4. “When cosigning a loan, I am not responsible for the debt”
5. “The credit card companies know what I can handle”
To help clear the confusion around these urban myths and provide useful resource material, the BBB has created Managing Credit – Made Simpler. It gives customized credit management guidance to different types of credit users based on their needs and perspectives. It also provides a clear set of guidelines that will help small business owners make wise decisions on small business credit cards and identify strategies to help them take charge of their small business’ financial situation.
Emily Patterson comes to marketing and web design from a background in magazine journalism and international affairs.
After graduating from Ohio University’s Scripps School of Journalism, Emily took a copyediting position at China Daily, China’s largest English-language newspaper. After two years editing translations of news reports and government propaganda, she was offered a chance to launch a new publication. She worked with an international team of journalists to start Asia Weekly, a magazine with news and features from accross Asia. Emily also freelanced for several publications, including the Cleveland Plain Dealer, her hometown newspaper, and Time Out.
After returning to the US in 2008, Emily turned her eye for writing and design to the blossoming field of website design and management. For the past two years, she has worked as the Web Content Manager for the Better Business Bureau headquarters.
Emily lives in Alexandria, Va. with her husband and dog and is completing University of Virginia’s master’s certificate in online marketing. She loves to cook Asain food, hike and fall asleep on the couch watching movies.
Money issues can be complicated, frequently leading to confusion as a result of the many “urban myths” that are often taken as fact. Five of the most common myths about credit are explained in this financial fast facts video from the National Foundation for Credit Counseling 
