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Worst Credit Mistakes You Can Make
There are a lot of things you can do that can have a negative impact on your credit. We've put together a list of the absolute worst things you can do. Use this information as a checklist to keep you out of trouble with the credit reporting agencies. Your credit score will increase and you will receive lower interest rates.
Late Payments: Late payments are at the top of the list, because they have the biggest impact on your credit score. Make all your payments on time every month.
Missed Payments: Missed payments also lower your credit score. Again, get your payments in on time and avoid a ding to your credit score.
Settlements: Making a settlement on an account will help you out in the short-term. You'll pay less and the account will go away. However, it will leave a huge black mark on your credit report.
Charge-Offs: Accounts that have been charged off are terrible. Not taking the steps to rectify these situations and have them removed from your credit report is even worse.
Avoiding Your Credit Report: Running from your problems doesn't fix them. Get a copy of your credit report every three to four months and tackle any issues right away.
Maxing Out: Your debt utilization is a huge factor in your credit score. Don't max out your accounts. A good rule of thumb is to use less than 30% of your available credit.
If your credit is less than perfect, get help. We have provided a list of the top credit repair companies working in the United states for you to browse and find the best one to help you achieve your financial goals.