Have you been bombarded by financial advice from all directions? If so, the quality of that advice has probably ranged from high-quality researched opinions to the random philosophies of your fellow shoppers in a grocery store checkout line. How do you decide which advice to take?
We have already told you some bad financial advice that you should NOT follow. Here are seven more financial "tips" you should dismiss out of hand.
1. Closing Old Credit Accounts Helps Your Credit Score – Closing old and unused accounts will generally harm your credit score for several reasons, primarily because your credit utilization — the amount of credit you use versus the total amount available — will rise. Using a higher percentage of your credit implies higher r...
from MoneyTips http://www.moneytips.com/7-more-moneytips-to-ignore
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