· Low Credit Scores. Your credit score is a compilation of your history, your debt to available credit ratio, your credit mix and other things. There are things you can do to improve your credit score, you should take advantage of them.
· Applying for a lot of credit. Every inquiry into your report dings your credit score. Limit your applications and be mindful before applying for credit.
· Using your credit. Well, rather using too much of your credit. That all-important debt to available credit ratio should never exceed about 20% of your available credit.
· Missing a payment. Yes, this one should be obvious. But regardless of the reason why, it will hurt you every time.
· Your mix of credit. Having too many retail cards and ‘sub-prime” credit brings down your score. Stick with the well-known credit cards and avoid everything else.
· Canceling your credit lines. Remember, the debt to available credit ratio also counts your available credit. Keep as much available credit as you can.
· Avoiding credit. If you have no credit history it can be as bad as having bad credit. Establish some credit.
· Co-signing. One piece of advice here is be careful, don’t co-sign recklessly if you co-sign at all.
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