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Common Misconceptions About Low Credit Scores

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Your credit score plays a major role in shaping your financial opportunities—from securing a home loan to getting approved for a credit card. Yet, for many Australians, this three-digit number is often misunderstood. Misconceptions about what affects a credit score or how it limits financial options can lead to unnecessary stress and missed opportunities. Even those with less-than-perfect scores can still access financial products like low credit score loans designed to help rebuild credit and regain financial stability.

Below, we’ll debunk some of the most common myths surrounding low credit scores and explain what’s really going on behind the numbers.

Myth 1: A Low Credit Score Means You Can’t Get a Loan

Many people assume that a low credit score automatically disqualifies them from borrowing money. While it’s true that lenders assess creditworthiness before approving applications, having a low score doesn’t mean the door is closed. There are lenders in Australia who specialise in supporting people with imperfect credit histories. These providers evaluate other factors—such as your income, employment stability, and ability to make repayments—when assessing eligibility. Products like low credit score loans are designed to give people a fair chance at rebuilding their financial reputation while still meeting their immediate needs.

Myth 2: Checking Your Own Credit Report Lowers Your Score

Another common misconception is that viewing your own credit report harms your credit rating. This isn’t true. When you check your credit report, it’s considered a “soft enquiry” and has no impact on your score. However, multiple “hard enquiries”—for example, when you apply for several loans or credit cards in a short period—can temporarily affect your score. Regularly reviewing your own report is actually a smart habit, helping you stay aware of changes and detect potential errors or fraudulent activity early.

Myth 3: Once You Have Bad Credit, You’re Stuck with It Forever

A low credit score isn’t permanent. Your score changes over time based on your financial behaviour. By paying bills on time, reducing outstanding debts, and avoiding unnecessary credit applications, you can steadily improve your score. Even small positive actions—like setting up direct debits or maintaining a healthy mix of credit types—can make a difference over time.

Myth 4: Closing Old Credit Accounts Helps Your Score

It might seem logical that closing old credit cards would improve your score, but that’s not always the case. Long-standing accounts with a positive payment history can actually strengthen your credit profile. When you close these accounts, you may reduce your overall credit limit and shorten your credit history, both of which can negatively affect your score.

Myth 5: Your Income Directly Determines Your Credit Score

While your income influences how much you can borrow, it doesn’t directly impact your credit score. The score is based on your financial behaviour—specifically, how reliably you’ve managed past debts and credit obligations. That said, maintaining steady income and employment can still improve your chances of loan approval, even with a lower score.

Understanding your credit score—and the myths surrounding it—is key to taking control of your financial future

A low score doesn’t define your financial potential; it’s simply a reflection of your past credit activity and can always improve with time and discipline. If you’re working to rebuild your credit or need financial assistance now, exploring options like low credit score loans could help you take positive steps toward a stronger financial position. The key is to stay informed, make consistent repayments, and manage your finances with confidence and awareness.

Michelle has been a part of the journey ever since Bigtime Daily started. As a strong learner and passionate writer, she contributes her editing skills for the news agency. She also jots down intellectual pieces from categories such as science and health.

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Lifestyle

When Seasons Shift: Dr. Leeshe Grimes on Grief, Loneliness, and Finding Light Again

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Some emotional storms arrive without warning. A sudden change in weather, a holiday approaching, or even a bright sunny day can stir feelings that don’t match the world outside. For many people, the hardest seasons are not defined by temperature; they are defined by what’s happening inside, where grief and loneliness often move quietly.

This is the emotional terrain where Dr. Leeshe Grimes has spent her career doing some of her most meaningful work. As a psychotherapist, registered play therapist, retired U.S. Army combat veteran, and founder of Elevated Minds in the DMV area, she understands how deeply seasonal shifts and unresolved grief can affect people. Her upcoming books explore this very space, guiding readers through the emotional weight that can appear during different times of the year.

What sets Dr. Grimes apart is her ability to see clearly what many people overlook. Seasonal depression, for example, is usually tied to winter months. But she often sees it appear during warm, bright seasons, the times when the world seems happiest. For someone already grieving or feeling disconnected, watching others travel, celebrate, or gather can create its own kind of heaviness. Sunshine doesn’t always lift the mood; sometimes it highlights what feels missing.

The same misunderstanding surrounds grief. Society often treats it as a short-term experience with predictable phases and a clean ending. But in her practice, Dr. Grimes sees how grief keeps evolving. It doesn’t disappear on a timeline. It weaves itself into routines, memories, and milestones. People learn to carry it differently, but they rarely leave it behind completely. And that’s not failure, it’s human.

Her approach to mental health centers on truth rather than pressure. She encourages clients to acknowledge the emotions they try to hide: sadness that lingers longer than expected, moments of joy that feel out of place, and the waves of loneliness that return even when life seems stable. Instead of pushing for quick recovery, she focuses on helping people understand how emotions shift and how to care for themselves through those changes.

Much of her insight comes from her military years, where she witnessed the emotional toll of loss, transition, and constant survival. She saw how people continued functioning while carrying pain that had nowhere to go. That experience shaped her belief that healing requires space, space to feel, to speak, and to move through emotions without judgment.

In her clinical work today at Elevated Minds, she encourages people to build small, steady habits that anchor them during difficult seasons. Journaling helps them recognize patterns and name what feels heavy. Community support breaks the cycle of isolation. Therapy creates a place where emotions don’t have to be minimized or explained away. And intentional routines, daily sunlight, mindful breaks, and calm evenings help rebuild emotional balance.

Her upcoming books expand on these ideas, offering practical guidance for navigating both grief and seasonal depression. She focuses on helping readers understand that healing is not about escaping pain. It’s about learning how to live with it in a healthier way, honoring memories, acknowledging loneliness, and still allowing room for moments of light.

What makes Dr. Leeshe Grimes a compelling voice in mental health is her ability to bring language to experiences that many struggle to explain. She reminds people that emotional seasons don’t always match the weather and that there is no single path through grief. But within those shifts, she believes there is always a way forward.

The seasons will continue to change. And with the right tools, compassion, and support, people can change with them, finding steadiness, softness, and light again, one step at a time.

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