Closing the wrong credit card accounts. Hold on to your cards that you’ve had the longest.
Carrying high balances on your credit cards. High balances signal that your debt ratio is too high.
Making Late Payments. Thirty-day late payments can drop your score by a whopping 60 to 100 points!
Opening store accounts to save on store purchases. Doing so means a hard inquiry which can shave 5 or more points off your score.
Not enough credit. Insufficient credit signals an unimpressive track record and implies that you might not be able to handle more credit.
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