Death by Debt: 25 Ways You’re Killing Your Credit

credit scores

By Jason Bushey

Few sectors of personal finance are as misunderstood as credit. We’ve all been passed on some semblance of how credit score works by our parents, but often those before us are as confused about their scores as we are.

How do you build credit? What affects our scores? How much debt is too much debt is too much debt? And – perhaps most importantly – how can I improve my own scores? (Yes, there are more than one!)

These are all excellent questions, and not all of them have such concrete answers. The fact of the matter is, there’s a lot that goes into your credit – and an equal number of ways to screw your score up completely. Below are 25 things yo

...

[Continue Reading at SavingAdvice.com]

This entry was posted in Credit Cards, Debt, Personal Finance and tagged , , , , , , , , , , , . Bookmark the permalink.

2 Responses to Death by Debt: 25 Ways You’re Killing Your Credit

  1. butch223 says:

    I think most people care far too much about their credit than they should. If you pay your bills and loans on time, you shouldn’t have much to worry about. If you can’t do that, then you should be avoiding getting credit in the first place.

  2. I don’t burn a lot of calories worrying about my credit score. 1) I pay my bills on time. 2) I don’t borrow money. When you don’t have payments you can pretty much buy what you want when you want. 3) Discipline helps. 4) I do take advantage of the free reports to check for accuracy.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>