Financial Myths

FINANCIAL MYTHS…

MSN has compiled a list of the most common financial myths floating around today.  Here are a few examples…

  • You can float a check longer if you write in red ink.  Not true. (The theory is that a bank’s equipment can’t scan red ink, so it takes longer to process the check.)
  • It’s better if you don’t sign the back of your credit card.  Nope.  It won’t protect you from identity theft.
  • You can now opt out of having credit bureaus give your information to anyone who asks.  Myth.

For the complete list, go to: http://tinyurl.com/8j6d3

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