Top 10 Mistakes In Managing Your Credit
January 9th, 2009
Do you really know how to manage your credit effectively? Take a look at these top ten debt management mistakes that must be avoided:
1. Paying your bills late or the day after your due date. If you want to raise your credit score, late payments is a big NO.
2. Closing your old bad credit card just because you applied for a new card. This would mean closing the old part of your credit history which can significantly pull down your overall rating.
3. Not having any type of credit. You won’t be building your credit history if you won’t take credit.
4. Submitting multiple credit card applications to different issuers at once. Too many inquires on your credit report could raise doubts to your lenders.
5. Not getting a student credit card if you’re a student. A student credit card requires no credit history so you can use it to build one.
6. Ordering your credit report from unreliable online sources. Make sure that your credit report is issued by the three major credit bureaus (Experian, Equifax, TransUnion).
7. Providing or using false information in your credit applications. Never try to impress lenders by providing false information.
8. Applying for a very high credit limit. A high credit limit is fine if you can control your spending.
9. Disregarding the fact that your billing statements that never reach you. Call your bank right away if your billing statements do not reach you on time. Someone may have called your bank and changed your billing address to keep you from finding out unauthorized charges.
10. Paying only the minimum of your credit card balance. Paying only the minimum means paying more than your actual purchases’ worth because of the interest rate.
Entry Filed under: Business
56 Comments Add your own
1. pumps&hellip | November 30th, 2011 at 12:27 am
Sites You Should Check Out…
http://www.melrosevillage.getlisted.co.nz/rest-homes-tauranga...
2. hire thermal imaging came&hellip | December 5th, 2011 at 9:50 pm
Sites You Should Check Out…
http://www.theiminsider.com/how-make-a-website...
3. Yeast Infection Symptoms&hellip | December 6th, 2011 at 8:50 am
Yeast Infection Treatment…
[...]listed here are a handful of urls to online sites I always connect to as we think these are well worth browsing[...]…
4. Konzert Hamburg 2012&hellip | December 6th, 2011 at 4:51 pm
Trackback…
[...]Nice blog here! Also your website lots up fast![...]…
5. Angry Birds Free&hellip | December 7th, 2011 at 10:32 am
Angry Birds Online…
[...]listed here are a few hyper-links to online websites that we link to as we believe these are worth checking out[...]…
6. nz kitchen&hellip | December 8th, 2011 at 12:10 am
Sites You Should Check Out…
http://www.melrosevillage.getlisted.co.nz/rest-homes-tauranga...
7. ice maker machine&hellip | December 9th, 2011 at 7:27 am
Sites You Should Check Out…
http://www.drainsurgeons.getlisted.co.nz/unblocking-sink-drain...
8. rest homes tauranga&hellip | December 12th, 2011 at 4:50 am
Sites You Should Check Out…
http://www.lifereader.com/psychics/psychic_readings...
9. new zealand business sale&hellip | December 13th, 2011 at 8:22 pm
Sites You Should Check Out…
http://www.eurotec.getlisted.co.nz/ice-maker-machine...
10. hire a car auckland&hellip | December 15th, 2011 at 4:38 pm
Sites You Should Check Out…
http://www.drainsurgeons.getlisted.co.nz/master-unblocker...
11. Download chart music&hellip | December 17th, 2011 at 5:54 am
Gems form the internet…
[...]very few websites that happen to be detailed below, from our point of view are undoubtedly well worth checking out[...]……
12. View my website to watch &hellip | December 20th, 2011 at 3:31 pm
Enjoyed every bit of it…
I ought to say, as a great deal as I enjoyed reading what you had to say, I couldnt assist but shed interest soon after a although….
13. screen doors nz&hellip | December 21st, 2011 at 2:33 am
Sites You Should Check Out…
http://www.lighthouse.getlisted.co.nz...
14. Download mp3 music&hellip | December 24th, 2011 at 2:48 pm
Read was interesting, stay in touch……
[...]please visit the sites we follow, including this one, as it represents our picks from the web[...]……
15. true nutrition coupon&hellip | December 24th, 2011 at 7:58 pm
………..
I suppose for the time being i am going to be happy with bookmarking and also adding your RSS feed to be able to my personal Yahoo and google bank account. My partner and i enjoy new updates and may share this kind of blog along with my personal Myspac…
16. new zealand advertising&hellip | December 25th, 2011 at 3:25 pm
Sites You Should Check Out…
http://www.crest.getlisted.co.nz/new-zealand-business-sale...
17. glass balustrade&hellip | January 4th, 2012 at 4:00 am
Sites You Should Check Out…
http://www.cedarlite.getlisted.co.nz/doors-auckland...
18. Amber Solar Lights&hellip | January 4th, 2012 at 11:38 pm
Solar Lights…
[...]here are a few links to web sites I always link to seeing that we feel these are worthwhile checking out[...]…
19. credit card processing&hellip | January 5th, 2012 at 10:52 am
… [Trackback]…
[...] Read More: saandalbar.org/business/top-10-mistakes-in-managing-your-credit/ [...]…
20. Laboratory supplies&hellip | January 10th, 2012 at 3:09 am
Best articles…
[..] More info about this article creator Click Here [..]…
21. darmo seks&hellip | January 21st, 2012 at 10:59 am
seks…
Fiut wchodzi cipy i spuszcza sie do szparki….
22. truenutrition discount co&hellip | January 22nd, 2012 at 8:06 pm
………..
My partner and i suppose in the meantime i am going to be satisfied with book-marking along with including your own Rss to be able to my personal Yahoo and google consideration. We look ahead to new revisions and will talk about this specific blog toge…
23. Make Money&hellip | January 24th, 2012 at 9:54 pm
… [Trackback]…
[...] Find More Informations here: saandalbar.org/business/top-10-mistakes-in-managing-your-credit/ [...]…
24. true nutrition review&hellip | January 30th, 2012 at 7:27 pm
………..
My spouse and i guess in the meantime i’m going to be satisfied with bookmarking and also introducing the Rss to my own Search engines consideration. My spouse and i look ahead to fresh changes and definately will talk about this specific site with my…
25. facebook of sex&hellip | January 31st, 2012 at 11:11 pm
new dating sites…
Hi my friend! I want to say that this post is awesome, nice written and include approximately all significant infos. I๏ฟฝd like to see more posts like this….
26. create a website&hellip | February 1st, 2012 at 7:25 am
… [Trackback]…
[...] Read More here: saandalbar.org/business/top-10-mistakes-in-managing-your-credit/ [...]…
27. facebook of sex&hellip | February 4th, 2012 at 8:56 pm
asian dating site…
magnificent points altogether, you simply gained a new reader. What would you recommend in regards to your post that you made a few days ago? Any positive?…
28. http://www.blogtext.org/b&hellip | February 5th, 2012 at 2:56 pm
Yahoo Answers Service…
What’s up, just wanted to tell you, I liked this post. It was practical. Keep on posting!…
29. Online Meet People&hellip | February 6th, 2012 at 11:04 pm
muslim dating sites…
great points altogether, you simply gained a brand new reader. What would you suggest in regards to your post that you made a few days ago? Any positive?…
30. Websites To Meet People&hellip | February 7th, 2012 at 11:21 pm
singles dating sites…
Thanks for enabling me to get new strategies about computer systems. I also hold the belief that one of the best ways to maintain your laptop computer in best condition is to use a hard plastic-type case, or even shell, that matches over the top of one…
31. Buy Cisco&hellip | February 13th, 2012 at 12:24 am
Check this out…
great points altogether, you simply gained a brand new reader. What would you suggest about your post that you made a few days ago? Any positive?…
32. Buy Cisco&hellip | February 15th, 2012 at 1:42 am
Check this out…
What’s Happening i’m new to this, I stumbled upon this I’ve found It absolutely useful and it has helped me out loads. I hope to contribute & aid other users like its aided me. Good job….
33. true nutrition discount c&hellip | February 15th, 2012 at 7:47 am
………..
I suppose for the present time i’ll be satisfied with book-marking and including your Feed to my personal Yahoo accounts. We look ahead to fresh improvements and will share this specific blog using our Myspace group….
34. Buy Cisco&hellip | February 15th, 2012 at 8:14 pm
Check this out…
Thanks a lot for sharing this with all of us you really know what you’re talking about! Bookmarked. Please also visit my site =). We could have a link exchange arrangement between us!…
35. Buy Cisco&hellip | February 16th, 2012 at 10:44 pm
Check this out…
Wow! This can be one particular of the most helpful blogs We’ve ever arrive across on this subject. Basically Wonderful. I’m also an expert in this topic therefore I can understand your hard work….
36. Sell Cisco&hellip | February 19th, 2012 at 1:18 am
Check this out…
I like what you guys are up also. Such clever work and reporting! Keep up the superb works guys I have incorporated you guys to my blogroll. I think it’ll improve the value of my website
…
37. Buy Cisco&hellip | February 22nd, 2012 at 9:09 am
Check this out…
I’m not sure where you’re getting your information, but great topic. I needs to spend some time learning much more or understanding more. Thanks for magnificent info I was looking for this information for my mission….
38. Cisco Router&hellip | March 1st, 2012 at 11:50 pm
Check this out…
you are really a good webmaster. The site loading speed is incredible. It seems that you are doing any unique trick. Furthermore, The contents are masterpiece. you’ve done a magnificent job on this topic!…
39. Buy Cisco&hellip | March 7th, 2012 at 7:45 am
Check this out…
I’ve read a few good stuff here. Definitely worth bookmarking for revisiting. I surprise how much effort you put to create such a fantastic informative web site….
40. Buy Cisco&hellip | March 9th, 2012 at 1:16 am
Check this out…
I’m very happy to read this. This is the type of manual that needs to be given and not the accidental misinformation that’s at the other blogs. Appreciate your sharing this best doc….
41. Buy Cisco&hellip | March 11th, 2012 at 9:16 am
Check this out…
I have read several good stuff here. Certainly worth bookmarking for revisiting. I wonder how much effort you put to make such a fantastic informative site….
42. Cisco Router&hellip | March 12th, 2012 at 8:43 am
Check this out…
Great blog here! Also your site loads up fast! What host are you using? Can I get your affiliate link to your host? I wish my site loaded up as quickly as yours lol…
43. gamos&hellip | March 17th, 2012 at 1:11 am
… [Trackback]…
[...] Read More: saandalbar.org/business/top-10-mistakes-in-managing-your-credit/ [...]…
44. best online dating sites&hellip | March 19th, 2012 at 9:46 pm
online free dating…
There is clearly a bundle to realize about this. I assume you made certain nice points in features also….
45. Where To Meet People Onli&hellip | March 20th, 2012 at 8:13 am
dating site…
Thanks for these pointers. One thing I additionally believe is always that credit cards providing a 0% rate often entice consumers in zero monthly interest, instant authorization and easy online balance transfers, nevertheless beware of the real factor…
46. dating personals&hellip | March 20th, 2012 at 10:38 am
international dating…
Thank you, I have recently been searching for information about this topic for ages and yours is the best I’ve discovered till now. But, what about the bottom line? Are you sure about the source?…
47. http://twitter.com/#!/bel&hellip | March 23rd, 2012 at 3:58 pm
{ab workouts|how to get a flat stomach|how to get abs|abdominal exercises|abs workout|six pack abs|how to reduce tummy|exercises to lose belly fat|how to reduce belly fat|how to lose body fat|lose stomach fat|flat belly solution|six pack abs workout|…
Tips on how to Greatly reduce Tummy fat? I can teach you a mathematical rule which is the blend of ideal work out program in addition to nutritious dinners to lower stomach fat….
48. Meet New People Online Fo&hellip | March 26th, 2012 at 5:52 am
dating service…
We absolutely love your blog and find most of your post’s to be what precisely I’m looking for. Do you offer guest writers to write content to suit your needs? I wouldn’t mind publishing a post or elaborating on a few of the subjects you write regar…
49. 7&hellip | March 27th, 2012 at 4:21 pm
HONG KONG DOLLARS…
I enjoy, cause I found exactly what I used to be taking a look for. You’ve ended my 4 day long hunt! God Bless you man. Have a great day. Bye…
50. Meet People In My Area&hellip | March 30th, 2012 at 9:36 am
free dating websites…
Thanks for another informative website. Where else could I get that type of information written in such an ideal way? I’ve a project that I am just now working on, and I have been on the look out for such information….
51. How To Make Friends&hellip | March 31st, 2012 at 9:13 am
the date…
I have learned several important things as a result of your post. I will also like to convey that there is a situation in which you will make application for a loan and never need a co-signer such as a Government Student Support Loan. In case you are g…
52. Meet People On Line&hellip | April 1st, 2012 at 7:15 am
online dating site…
Thanks for another magnificent post. Where else could anyone get that type of info in such an ideal way of writing? I have a presentation next week, and I’m on the look for such info….
53. Meet People Sites&hellip | April 1st, 2012 at 7:41 am
christian dating service…
I have noticed that of all kinds of insurance, health insurance coverage is the most questionable because of the turmoil between the insurance policy company’s obligation to remain afloat and the buyer’s need to have insurance policy. Insurance compa…
54. Meet Single&hellip | April 8th, 2012 at 1:42 pm
asian dating sites…
Hello, I think your website might be having browser compatibility issues. When I look at your blog in Ie, it looks fine but when opening in Internet Explorer, it has some overlapping. I just wanted to give you a quick heads up! Other then that, wonderf…
55. Meet People&hellip | April 10th, 2012 at 9:58 pm
free internet dating…
Please let me know if you’re looking for a author for your blog. You have some really great posts and I think I would be a good asset. If you ever want to take some of the load off, I’d absolutely love to write some material for your blog in exchange…
56. People Meet&hellip | April 11th, 2012 at 1:40 pm
free date sites…
Definitely believe that which you said. Your favorite reason appeared to be on the web the easiest thing to be aware of. I say to you, I definitely get annoyed while people think about worries that they just don’t know about. You managed to hit the na…
Leave a Comment
Some HTML allowed:
<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>
Trackback this post | Subscribe to the comments via RSS Feed