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30 Things That Mess Up Your Credit Score
30 Things That Mess Up Your Credit Score
A Credit score is a significant boundary to get the best advances and credit cards. You should do whatever it may take to keep a healthy credit score. A credit score of 700 or more is viewed as great, while a 750-score can improve rates and loan terms.

30 Things That Mess Up Your Credit Score

 

A Credit score is a significant boundary to get the best advances and credit cards. You should do whatever it may take to keep a healthy credit score. A credit score of 700 or more is viewed as great, while a 750-score can improve rates and loan terms.

 

Credit scores are a significant qualification basis for your home advances, vehicle advances, individual advances and credit cards. There are 4 credit departments in India – TransUnion CIBIL™, Equifax, Experian and CRIF Highmark.

While we have heard a great deal of guidance on the most proficient method to further develop our credit score, there isn't tremendously expounded on 'how not to deal with' mess up your credit score. To cure that, we have gathered together '30 Things You Could Do That Can Mess Up Your Credit Score'.

 

1. Not checking your credit report regularly

2. Paying your bills late

3. Having too much credit

4. Having high outstanding on your credit cards

5. Not having any credit cards at all

6. Closing down old or unused credit cards

7. Requesting for a credit limit increase

8. Consolidating debt onto a single card

9. Paying off all your credit cards at once

10. Using the wrong credit card

11. Co-signing on debt

12. Not having a healthy credit mix

13. Paying down the wrong debt first

14. Not fixing credit report errors

15. Making too many credit inquiries

16. Having negative records on your credit report

17. Having legal proceedings against you

18. Not filing your income tax returns on time

19. Not maintaining your credit score after marriage

20. Not caring about your joint debts after divorce

21. Letting your debts go to a collection agency

22. Leaving charge-offs on your report unresolved

23. You opt for debt consolidation or debt settlement

24. Applying for too many credits at the same time

25. Having a bad credit utilization ratio

26. Some of your old debts are still open on your credit report

27. Your add-on cardholder is being irresponsible with the card usage

28. Applying for a loan when you don’t have a stable job

29. Being a victim of identity theft or fraud

30. Not seeking help when you need it

 

Reference; 30 Things That Mess Up Your Credit Score