Top 4 Things That Hurt Your Credit Score

From late payments to closing credit accounts, in this video we will go over 4 things that can hurt your credit score. [Duration- 2:37]

Highlights:

• Even one late payment can cause credit scores to drop, because late and missed payments can play a big role in calculating your credit scores.
• High debt to credit usage on revolving accounts, such as credit cards, can impact your credit scores.
• Applying for multiple credit accounts in a short time may cause lenders to view you as a higher risk borrower.
• Closing a credit card account may affect your credit scores, because that changes your credit mix.