Let me condense the "myths":"
1. Its misnamed, its Fecal score
2. Any entity that uses it, makes more money with the lower the customers score by charging disproportionate higher rates, the key word here is "disproportionate", meaning inflated
3. The lower ones score, the weaker a customers bargaining position financially is on anything, ie credit, car insurance, etc
4. The credit scoring companies will NEVER disclose exactly how your score is derived, think "mushroom", as that dispels the "myth"
5. Lowest score is "300", know anyone with a 300, and what do you have to do to get a 300?
answer to #4 directly from one of the companies who calculate credit scores.now the exact percentage events change the score is a trade secret.
How Credit Score are calculated.I
f my use of the word "exact" is disregarded, and one drinks the koolaid
#5 is pretty easy also. EVERYONE in the USA with a SS # or a green card starts out with a 300 score. the moment you do anything financially related with a bank effects this score.
Really, why not then start out at "0", unless 300 is an arbitrary number for a psychological elevating effect, and then by your explanation, one can stiff a few creditors when at 300 and it can't go lower? Great system.here is a SAFE government sponsored link on how to get your FREE credit report.
how to get a FREE credit reportA "Free" offering is a poor token fake benign attempt to deflect from a intentionally obtuse credit reporting scoring system. 
