Common credit mistakes

• 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







Original pictures take http://christianpf.com/guide-to-clean-and-repair-your-credit-report/ site