There is a lot of bad credit and debt advice out there. We see it on YouTube, and Twitter, and Reddit, and in personal finance blogs. And it seems that one of the most popular areas to give bad advice is on how to improve your credit score.

So, today, Scott Terrio and I are going to share and debunk the bad advice you can get on the internet for improving your credit score. Some of the bad advice we discuss:

Raise your credit limit
Have many credit cards
Have a 30% utilization on all of your credit cards
Don't pay off your credit cards early
Show credit growth – get a new card every few months
Take out longer loans
Start getting credit cards as a student

242 – Spotting Bad Credit Advice on the Internet