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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