8 Mistakes That Kill Your Credit score

Your credit score or credit worthiness is very important. It is one of the many things that you should protect with all you energy. Bad credit will ruin you. Is ironic but bad credit makes a lot of cheap thing become expensive and easy things become very difficult. For example with bad credit, renting car for the weekend can become a major headache. Here are some of the common mistakes that will kill your credit score and make life difficult

1. Missing Payments
2. Excessively Shopping for Credit
3. Closing Credit Cards Accounts
4. Settling With Your Lender on a Past Due Account
5. Over-Utilization of Your Available Credit Card Limits
6. Thinking That All Credit Scores Are the Same
7. Thinking That All Credit Scores Predict the Same Thing
8. Not Understanding Your Rights Under the Fair Credit Reporting Act

Here are some of the common mistakes that will hurt your credit score, we will explain more on them later.

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