What Affects Your Credit Score?

Many consumers do not realize how much their actions effect their credit scores. Missing a few payments can drastically change a great credit score to a decent one or even a bad score. Commonly, these situations can make your credit repair history more difficult to contain:

Missed payments. You may have a few tough months financially which can cause you to put credit card bills on the back burner. However, a lot of people don't realize that missing a payment completely makes you look unreliable to a credit bureau.

Late payments. We understand that it may be easy for your mail to get lost. Or maybe you just completely forget about bills being due because you are so busy. It is very crucial to make sure that you pay your bills in advance to avoid not only late fees but also a lower credit score.

Too many applications. Did you know that too many denied credit card applications or loan applications can decrease your credit score? Most people do not realize this very important truth! Be careful when you apply for credit cards and only apply for financial services that you honestly believe you may qualify for.

Debt. If your debt-available credit ratio is too high, you will definitely be looked at as a threat to a credit bureau. Make sure that you keep your ratio at a good level because it may change your credit score drastically.