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Bad credit - easy to get, easy to lose
By Adam | September 7, 2006
Article talks about what causes bad credit.Â
For a lot of people the answer is late payments.
“A current 30-day late can cause you up to 100 point drop in your credit score!”
For other people it could be collections, judgments, bankruptices, or in my case, too many accounts with balances too close to the high credit limit.
I have this problem. My credit score is low because I use too much of my available credit. I’m never late on my payments but I live off of my credit. It’s not a lifestyle I endorse, but it’s a habit I’ve developed since college that needs fixing.
-Adam
| Bad credit: Easy to get, easy to lose Town Hall, DC - … They can cause a lower credit score as easily as the public records I cited. … The car was reposed and my client’s credit score fell dramatically. … |
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Topics: Credit Repair, Fix bad credit, Repair your credit |