- Using expensive or undesirable types of credit costs too much and is
negatively scored - Accumulating too many lines of credit or too many credit cards causes
credit report remarks like "too much consumer credit." - 3. Only paying the minimum due keeps balances too high. make sure you make
it a habit to always pay more than minimum - 4. Maxing out your credit card will drop your score dramatically
- 5. Cash advances from Credit cards cost higher interest rates and credit
cards companies love you, when you do that - 6. Exceeding limits and having to pay over-limit fees is a negative with
creditors and causes "high proportional amounts owed" remarks on credit
reports and subtracts credit score points. - Charging more than you can afford causes a snowball effect of debt
with no easy way to pay it off. - Ignoring credit problems causes unnecessary negative impact. Talk to your
creditors, and give them a heads up that you are about to be late. This wont
always work, but sometimes creditors wont report it to bureaus - Always report change of address to your creditors in a timely manner
Arslan
AmeriFico -
Credit Repair & Analysis
Dallas, TX
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