Video: Common Credit Mistakes That Lower Your Credit Score

Added May 15, 2009

Summary: Do you know what kind of credit mistakes are lowering your credit score? Common mistakes may be dragging down your credit score and you may not even know what you're doing. Keep your credit card balance below 50 percent of your available credit. If you max out your credit cards every month you may be lowering your score. You can also get into more trouble if you run into late payments on your credit cards. Watch this Expert Real Estate Tips video for more common credit mistakes that could be lowering your credit score.

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Comments

MAXINE HARRIS says

May 29, 2009 at 05:19 pm

why does financial advisors keep saying keep your balance percentages below or don't close the accounts. The card companies are lowering the balances and/or closing accounts even when they are paid on time

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