Question

how do consumers believe myths on credit?

what's wrong with the perspective, "well, it may not be the best way, but my credit has still improved."

What do you say to someone who acts this way? Why?

Answer 1

Consumer believe upon Myth on the credit like they believe that once the credit score is bad, it is almost impossible to get the credit and once if you have the credit you are more likely to get the credit but these myths are not sustainable in the long period of time because it can be proved wrong by the behaviour of the customer which can constantly change according to the situations and consumers should not completely believe upon these myths because this myth are not completely realistic.

The mentality that it is not the best way but my credit has still improved is not the best approach regarding Credit Management and it is a mediocre approach which will be believed upon the philosophy that consumer are trying to not adopt the best practices in order to improve their credit performance and credit score but they are settling for the lower credit standard in order to slowly improve the score so they are not improving upon their behaviour and they are some of happy about their improvement of credit which will not be sustainable in the long run.

Someone who will be acting this way is not going to sustain and survive through economic adversity is because when economic adversities will be hitting the customers the behaviour of the customer is not changed is going to hurt the prospect of the customer in order to get a credit so it is highly needed in order to improve the behaviour and not think mediocre.