[vc_row css=”.vc_custom_1459508023453{margin-bottom: 100px !important;}”][vc_column offset=”vc_col-lg-9 vc_col-md-9″ css=”.vc_custom_1452702342137{padding-right: 45px !important;}”][vc_custom_heading source=”post_title” use_theme_fonts=”yes” el_class=”no_stripe”][vc_column_text css=”.vc_custom_1539215972204{margin-bottom: 20px !important;}”]When you get into professional life there are many responsibilities that you will have to deal with. Maintaining your credit score is the biggest responsibility. Remember that a poor credit score will have a negative impact on your reputation and you will be disqualified from the loan if you need it.
Most of the people have been maintaining their credit properly but yet they have a bad credit score. They are confused that how it is possible. Here are some of the common mistakes that make your credit score suffer.
Not paying bills on time
A common mistake that most of the people make is that they do not pay the bills on time. Everyone has a busy routine and it becomes hard to remember the due dates of the bills. It is better that you add a reminder on your cell phone, so you will never miss the payment.
Paying loan payments over credit card bills
People are worried about the loan payments and, so they often miss the credit card bills. This is the worst mistake they can make because the interest on your credit card bills will keep on increasing. It will badly affect your credit score and it might get tough for you to pay the combined credit card bill.
Ignoring the bills
Some of the bills come in the mail. There are many individuals that have the bad habit of throwing away the mail without checking it. In case there was a notice from the bank or a utility bill you will be in big trouble. It is important that you check your bills on regular basis and make sure that you pay them before the due date so you will not have to deal with fine or other issues.
Not paying attention to credit score and reports
Every month you will receive your credit card report and your credit score. Do not make the mistake of ignoring it.
- Check the score and assure that you have a positive credit score
- In case a delayed payment has been mentioned on your credit report by mistake get it corrected as soon as possible
- If you have a bad credit score make sure that you maintain it properly.
Closing the credit card account
One of the biggest mistakes that you can make is closing your old credit card account. You might think that it is a wise choice because you are not using the credit card anymore. However, there is a huge amount of cash that will be deducted from your credit report and you will have to deal with the consequences.
Bottom line
Make sure that you avoid all the above-mentioned errors and maintain your expenses properly. If you have a debt to pay, make sure that you manage to pay the installments on time so it will not affect your credit score. You have to take some help from the financial advisor if it is hard for you to pay off the debt. They will give you the best advice to manage everything properly.[/vc_column_text][stm_post_bottom][stm_post_comments][/vc_column][vc_column width=”1/4″ offset=”vc_hidden-sm vc_hidden-xs”][stm_sidebar sidebar=”527″][/vc_column][/vc_row][vc_row full_width=”stretch_row” css=”.vc_custom_1459505959648{margin-bottom: -60px !important;}” el_class=”third_bg_color”][vc_column][vc_cta h2=”Looking for a First-Class Business Plan Consultant?” h2_font_container=”font_size:20px|color:%23ffffff|line_height:24px” h2_use_theme_fonts=”yes” shape=”square” style=”flat” add_button=”right” btn_title=”get a quote” btn_style=”flat” btn_color=”theme_style_2″ btn_align=”right” btn_i_align=”right” btn_i_icon_fontawesome=”fa fa-chevron-right” use_custom_fonts_h2=”true” btn_add_icon=”true” btn_link=”url:%23||” el_class=”third_bg_color” css=”.vc_custom_1459505851233{margin-bottom: 0px !important;}”][/vc_cta][/vc_column][/vc_row]
