Many people don’t know what their credit score is or how it works, but it’s actually the most important information about you when applying for any type of finance, mortgage or any bad credit mortgages. There are plenty of credit score myths out there: For instance: Myth ONE The less debt you have the better: actually if a lender can’t see that you’ve paid off debt, they don’t know you’ll be consistent in your repayments to them. Myth TWO You don’t need to check your credit report for mistakes: check your credit report regularly! Experian found that nearly half of people have never checked theirs. People DO find mistakes, and they’re usually fixable and can  make a big difference to how lenders view your application. Myth THREE There’s a credit blacklist: When you apply for credit you will be assessed on the information a lender has on you already, the details you put in your application and what it needs to confirm through your credit report. Myth FOUR Your credit score is impacted by previous occupants at your address: there is also uncertainty around whether an address effects your application for credit. In fact, an individual’s credit application can only be affected by someone else’s credit history if there is a financial association, such as a joint account with a partner.