Avoid These Credit Mistakes!

Avoid These Credit MISTAKES! Avoid cosigning on another person's loan-you could be left responsible for their debt and damage your credit score. Don't just make the minimum monthly payment. Pay off as much of your monthly credit card bill as possible to avoid racking up interest charges. Don't delay-always pay credit card bills on time! Even paying one day late is counted as 30 days late on a credit report. 25 Check your credit report regularly for errors and other issues. S Actively use your credit card each month-not using your card for months at a time can create problematic gaps in your credit history. 30% Never max out your credit card. Try to keep a balance at 30 percent or less of your card's limit. Avoid using credit cards to take out a cash се, as this can rack up very high interest fees. Don't get too many credit cards-this can make it easier to miss payments or go into debt. Castle & Cooke MORTGAGE, LLC, NMLS #1251 http://www.aarp.org/money/credit-loans-debt/info-12-2012/common-credit-mistakes-slideshow.html#slide1 http://www.bankrate.com/finance/credit-cards/5-credit-card-mistakes-to-avoid-making-3.aspx http://www.learnvest.com/knowledge-center/10-top-credit-mistakes-to-avoid/ http://www.kiplinger.com/slideshow/credit/TO16-S001-11-credit-card-mistakes-to-avoid/index.html