| Fixing your credit is about two things; knowing what to | | | | a must to keep track of your bills to make sure they |
| do and staying away from the critical mistakes that will | | | | are paid on time. |
| ruin your credit. This article discusses the biggest credit | | | | Mistake 3 - Applying And Acquiring Many New |
| fixing mistakes to stay away from. | | | | Accounts At Once |
| The credit fixing process is very delicate since you are | | | | You may be asking yourself, "Isn't it important to have |
| trying to do anything in your power to boost your | | | | credit to get a good credit score?" That's true, but if |
| credit scores. However, there are 3 critical things that | | | | you get it all at once, a few things happen. First, your |
| will completely destroy your credit score and set you | | | | credit score will drop because of the many credit |
| back much further than where you started. | | | | inquiries that were made. |
| With this in mind, here are the 3 deadly credit fixing | | | | The second and more critical effects of acquiring new |
| mistakes that will sabotage your credit score. | | | | credit all at once, especially when you are in the credit |
| Mistake 1 - Closing Your Credit Card Accounts | | | | fixing process, is that the age of your credit will |
| Many people in the credit fixing process are under the | | | | dramatically decrease. |
| impression that closing their credit card accounts will | | | | Let's say you had 3 credit cards that you've had for |
| help them boost their credit scores. That couldn't be | | | | the last 3 years. The average age of your credit is 3 |
| further from the truth. | | | | years. However, let's say you just received 3 new |
| The minute you close your accounts you lose both a | | | | cards this month; the average age of your credit has |
| trade line on your credit and the total amount of years | | | | just dropped to one and a half years. The length of |
| of credit you had with that account. | | | | time that you've had credit is very important to your |
| Mistake 2 - Not Keeping Proper Track Of Your Bills | | | | credit fixing process and credit scoring overall. |
| This is a big one because once you skip a payment | | | | So there you have them, the 3 deadly credit fixing |
| and the account goes over 30 days past due, you | | | | mistakes that will sabotage your credit score. Don't fall |
| could expect the credit reporting agencies to give you | | | | into these traps or your credit score will be damaged |
| a 30 day late on your credit report. | | | | and it will take you much longer to get everything back |
| The truth is it doesn't matter if you lost, misplaced, or | | | | in order. |
| never received the bill - it is your responsibility to pay | | | | With a little bit of knowledge about what you should |
| that account and failure to do so will definitely hurt your | | | | and shouldn't do to fix your credit, your high credit |
| credit score. When you are trying to fix your credit, it is | | | | score is more achievable than you think! |