Common Credit Mistakes - article by Good English Article Sites

Title:

Word Count:

235

Summary:

Today, I will be posting some of the most common mistakes, people make. These

mistakes may go un-noticed or often ignored, but these mistakes leave marks on

your credit report.

Keywords:

credit repair,credit mistakes,credit card mistakes

Article Body:

<ul>

<li>Using expensive or undesirable types of credit costs too much and is

negatively scored</li>

<li>Accumulating too many lines of credit or too many credit cards causes

credit report remarks like &quot;too much consumer credit.&quot;</li>

<li>3. Only paying the minimum due keeps balances too high. make sure you make

it a habit to always pay more than minimum</li>

<li>4. Maxing out your credit card will drop your score dramatically</li>

<li>5. Cash advances from Credit cards cost higher interest rates and credit

cards companies love you, when you do that</li>

<li>6. Exceeding limits and having to pay over-limit fees is a negative with

creditors and causes &quot;high proportional amounts owed&quot; remarks on credit

reports and subtracts credit score points.</li>

<li>&nbsp;Charging more than you can afford causes a snowball effect of debt

with no easy way to pay it off.</li>

<li>Ignoring credit problems causes unnecessary negative impact. Talk to your

creditors, and give them a heads up that you are about to be late. This wont

always work, but sometimes creditors wont report it to bureaus</li>

<li>Always report change of address to your creditors in a timely manner</li>

</ul>

<p><b>Arslan</b><br>

AmeriFico - <a href="http://www.amerifico.com" style="text-decoration: none">

<font color="#000000">Credit Repair</font></a> &amp; Analysis<br>

<b>Dallas, TX</b><br>

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