Bella is my eighteen-month-old granddaughter who is beginning to learn how to talk. This week she put together her first sentence. The process of a child learning to speak has always fascinated and amazed parents and grandparents. I’m sure it’s a real relief for child too when someone actually gets what all their babbling means!

It happened to Bella and I while we were rocking and singing songs. She suddenly jumped off my lap, went to another chair in family room and patted chair and said, “Sit right here!”

1. Your score will drop if you check your credit - Fortunately, this one is definitely not true.Checking your own report and score is counted as a "soft inquiry" and doesn't harm your credit at all. Only "hard inquiries" from a lender or creditor, made when you apply for credit, can bring your credit score down a few points. Worried about damaging your credit while shopping around for a loan? Multiple inquiries for same purpose within a short amount of time (a few weeks) are grouped together into a less damaging period of inquiry.

2. Closing old accounts will improve your credit score - To close or not to close, that is question. Many people advocate closing old and inactive accounts as a way for improving your credit. In most cases, closing accounts will actually have opposite effect. Canceling old credit accounts can lower yourcredit score by making your credit history appear shorter. Think twice before closing oldest account on your credit report. If you want to reduce your levels of available credit, ask for your credit limits to be reduced or close newer accounts instead.