News

Actions

3 Things Killing your Credit

Posted at 4:09 AM, May 02, 2017
and last updated 2017-05-02 06:09:01-04

DENVER--  Anytime you make a big purchase like a house or car your credit score is really important.

Having good credit helps you get the best possible interest, but there are three things you could be doing right now that are killing your credit.

The top credit killer is late payment on those bills.

Just one late credit card payment can sink your credit.

Maxxing out your credit card.

You shouldn’t use more than one third of your available credit to keep your credit score up.

Another problem is closing too many accounts.

Many people close an account once they pay it off, but leaving the account open and not using it will help you out.

To see what kind of credit you’re dealing with right now visit Credit Karma's website.


Enjoy this content? Follow Denver7 on Facebook, Twitter, Instagram and download the Denver7 app on iOS and Android devices for continual access to breaking news, weather and sports.