This Nov. 18, 2009, file photo, shows credit and bank cards with electronic chips in Gelsenkirchen, Germany. Changes to federal law have sharply restricted students’ access to credit cards, making it harder for many to start building credit. But parents can still help their kids lay the foundation for renting apartments and taking out loans by letting them piggyback on their good credit and offering sound advice. (AP Photo/Martin Meissner)
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.
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