Top 10 Credit Mistakes

Whether you are currently in the process of learning how to eliminate credit card debt or you consider yourself to be quite knowledgeable when it comes to credit cards, the following ten credit mistakes may give you some things to consider:

  1. Closing Credit Card Accounts
  2. Missing Payments
  3. Settling With Your Lender on a Past due Account
  4. Over Utilization of Your Available Credit Card Limits
  5. Excessively Shopping for Credit
  6. Thinking that all Credit Scores are the Same
  7. Thinking that all Credit Scores Predict the Same Thing
  8. Not Understanding Your Rights Under the Fair Credit Reporting Act
  9. Not Knowing that you Have Three Credit Reports and Three Credit Scores
  10. Not Having Credit (or a Credit Score)

For more insight on each of these credit mistakes, please refer to The Top 10 Credit Mistakes by John Ulzheimer.  Feel free to share your own credit mistakes or comment on the list above.

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