5 Mistakes That Will Result In Credit Score Killers
Closing Credit Cards:
Though it may seem strange to keep open an account you don’t use, but it can make sense from a credit score perspective. Even if you don’t use a credit card anymore, keeping it open can help improve your credit utilization rate. As soon as that account is closed, you lose that available credit, so you would need to reduce the amount of spending you do on credit cards to keep your utilization from increasing.
Theft Of Your Identity:
The longer the identity theft goes unchecked, the higher the chances it will hurt your credit score. A fraudster may open up accounts in your name or run up a huge balance on a stolen credit card and if you don’t stop it before the activity is shared with the credit bureaus you will also have to deal with getting that information off your credit reports.
Read More: 7 Interesting Things That Help You Earn Extra Bucks in College
For 9 Pct Growth, Investments & Supplies Need To Improve: RBI Guv Raghuram Rajan
.jpg "Yuvaraj Finance: Redefining Financial Empower-ment & Innovation for a Dynamic Future")
