(WSPA) - Do you know your credit score? It can sure make a difference when you need to borrow money, but many people are clueless about what really impacts that all-important 3-digit number. 7NEWS Here to Help is setting the record straight and debunking the top credit score myths.

Keep in mind, it's not simply qualifying for a home or car loan that makes a credit score so important. That number impacts insurance rates, utility deposits and even your ability to rent an apartment.

MYTH #1: Checking your own score can lower it

However, people like Amy Smith question whether those offers from companies to check your score to see if you qualify really have no impact.

"They say, you know, can we check your score it's not going to harm your score at all, and I always say yeah. And I never kn

See Full Page