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Financial Urban Myths

Don't fall for these popular "wives' tales," as compiled by Bankrate.com. Some of these are strange and unfamiliar to me, but maybe you've heard these rumors.

1. False: "You can float a check longer if you write in red ink."
2. False: "You don't have to pay income tax -- it's illegal."
3. False: "I'm under 18, so I can't be held accountable for a debt."
4. False: "My hotel key card has my credit-card information."
5. False: "Boycotting a few gasoline brands brings gas prices down."
6. False: "It's better if you don't sign the back of your credit card."
7. False: "You can make a pile of dough by helping a foreigner solve his money problems."
8. False: "You can now opt out of having credit bureaus give your information to anyone who asks."
9. False: "You can buy your way out of points on a speeding ticket."
10. False: "Hotel Bibles often have $100 bills tucked into them."

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