10 things that can kill your credit score

You'll need a high score to land the best interest rates on loans and credit cards. Avoiding these common credit pitfalls can help you keep money in your pocket.

By Elaine Pofeldt, SwitchYard Media

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VIDEO ON MSN MONEY

89Comments
May 8, 2013 9:02PM
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credit scores are the work of the fat kats to be able to raise credit interest so they can make more money   The credit reporting industry has no checks and balances  you can not get their reports changed or amended there needs to be federal oversight and you should be able to get info removed if proven false or outdated    otherwise pay cash and to hell with the credit industry 
May 8, 2013 11:14PM
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I gotta say, I think this credit score stuff is a bunch of crap. Oh, I know stores etc use it but its not fair. They can't tell me that people that work for the credit bureaus don't  hack their credit scores and probably somebody else's  for a little money.. I knew a guy once that worked for a major credit card company and he told me that a lot of his friends had high dollar cards. He said its done all the time.
So here's to all you scumbags in the credit bureaus......take your FICO and stick it up your butt.

May 9, 2013 1:08AM
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Dave Ramsey has it right. "Credit Score" is an " I Love debt" score. Before we wised up to the credit scam, we obsessed over our credit worthiness. Until we realized one day that if we added up all the interest we pay on our home, cars payments, major credit cards, department store cards, and loans we were paying well over 1000 dollars a month just for the privilege of being able to get stuff now rather than save for it. Wanna know why the poor can never get ahead? A lot of it is the prison of interest payments.  It is insanity. We kicked the credit habit and now are paying it all off ASAP, doing without a lot of things,  with the goal of only owing on our house, which will be paid off in 8 years. After that, it's cash only.  
May 8, 2013 10:02PM
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Credit? Pay as you go in life and then- who gives a crapola? Smarten up FOOLS.
May 9, 2013 5:49AM
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I would much rather have a low FICO score than be up to my eyeballs in debt.
May 9, 2013 3:41AM
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Who cares? It's all a pile of keerap anyway. I'm poor and have a lousy credit score, but I don't care. I'm happy, AND have no more debt.
May 9, 2013 5:43AM
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Is there another country in the world where people are so obsessed with credit?
May 9, 2013 11:29AM
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I'm 64 years old, my house, my car are paid for; I don't give a rats **** what my credit scores are.
May 9, 2013 12:36AM
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I used to cry if I thought I'd be late paying.  At my age, I flat out don't give a rip.  The way business now operates, it isn't worth it to me to be bothered.  I will work with a company if there is a problem but if they start calling names, DEMANDING A DATE AND AMOUNT, get ungodly rude, I DON'T  care what they do to my credit.  I opened a cell phone account for my son, his $400. phone broke!  I called and tried to return it but THEY REFUSED to give me the mail back stamp UNTIL MY SON CLEAR IT WITH THEM~   I told them then don't bother me again.  Oh, it wasn't over.  I listened while my son told them to send me the return slip, it never came.  But his second $400 phone broke.  Again, no return slip to me.  Then they came after me for his two phones and his phone bill.  What started out at over $800 bucks went to almost two grand,  And hell NO I will not pay it.  I did every thing they asked but the found a way to screw me over big time.  A collection agent called me and immediately started calling me names, yelling and just being a smart ****.  There was no way I could even respond to his comments.  I explained the situation, he said he would destroy my credit.  Well, go ahead!  I don't judge anyone on a credit rating because I found out years ago, they don't bother to correct mistakes when you write and explain the mistakes.  They had me in collections for a bill even they admitted I DID NOT OWE nor had EVER done business with.  It messed up a refi on my house so I contacted the State attorney generals office and it was cleared up damn fast, after I had fought with them for 6 months,  How do they say the KNOW it isn't your bill and then refuse to take it off your name.  Hell, no I don't care any more.  They are bullies, blackmailers and on their own power trips.  The government will NEVER do anything about their illegal bull they run on people and anyone that takes the word of any credit report is flat out ignorant about these companies!
May 9, 2013 5:48AM
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I would much rather have a low FICO score than be up to my eyeballs in debt.
But, that's just me.

May 8, 2013 11:14PM
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these credit companys should be regulated to the full extent, with out credit your nothing, The fat kats did this. you say use cash but if you make 45 grand a year how can you buy a house you need credit to play the games in America to live. But the top 3 should be held accountable for the wrongs they report but the govt dosnt care unless your the press wife who was hacked
May 9, 2013 4:56AM
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They didn't mention that not using credit will really hurt your score as well. I have not had a credit card for years and the only credit I have had is with my local bank. If I applay for a credit card with a large chain I am always turned down. a couple of years ago I applyed for a loan at a large furnature store when we relocated to a new house  and was turned down. We had paid cash for the repo home and were a little short on our cash reserve so thought we would make payments.

      the reason... Too ittle credit history.  At the bank where I had done business for years I could walk in the door and tell my banker I wanted $10,000 and he would have the check drafted and in my hand in minutes then tell me " come back in a couple of days and we will have the paperworke ready to sign."  It always amuses me when a large store chain turns me down for a $500 limit card.....lol They offer you big savings if you apply that day with a purchase. I sometimes will hinge my purchase on acceptance for a card. If the card goes through I buy if it doesn't I walk away without buying anything.

May 9, 2013 9:46AM
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They forgot the biggest mistake of all Girlfriend takes Credit card to the store
May 9, 2013 1:12AM
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you'll have great credit if you just pay off bills every month on time. stop living over your needs.
May 9, 2013 10:16AM
May 9, 2013 2:41PM
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you know I read all the comments about credit scores, and most of the peoples opinions are correct. we live in a world that is strictly for the rich and famous. there was a time when living in America was a given dream of opportunities, education, college maybe, a job that would train you, marriage, buying a home in your neighborhood where you grew up and not having to move hours away. where are we going these days - the poor are helped to the max., the middle class there isn't anymore and the rich don't give a damn. my husband and I worked several jobs him three jobs years ago to obtain a house, sometimes I wonder what for (having to work so hard) and now see the results of our children and grandchildren what do they have to look forward to. America now is a mess, since 20 years ago, we only have rules and regulations for the rich and hell with the working class. you need degrees up the hilt to get a job these days. forget about applying now for a mortgage - even when rates are low - the government was going to help the people who lost their houses because of the illegal banks and lending institutions that created this mess in the first place and they get bailed out and refuse to hire people. when is it ever going to change - never my husband and I are now older in our 70's and we receive so many offers in the mail for maximum lines of credit - who needs it now - its a really sad big joke
May 8, 2013 11:32PM
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another sanctioned scam?

well, just look at no-fault insurance

May 9, 2013 12:02PM
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Credit scores are a scam.  Just about the time you jump through enough hoops to get approved for something, they change the way it's calculated so that yours goes down.  You write all the letters and clean all the lies out (what the bureaus call "errors") and the same stuff just shows up again in a few months.  I've removed the same 20 year old tax lien off my Transunion 3 times.  I got sick of it years ago.  I now maintain a credit score as close to 300 as possible.  Identity thieves get laughed at when they try to steal mine.

 

The only people with good credit are Bill Hicks' "Happy Consumers".  Mindless robots that have handed their checkbooks over to their creditors.  Every once in a while one of them wakes and realizes how stupid they've been and how badly they've been screwed and turn into spree killers.

 

George Carlin Is right. 

It's called the American Dream because you have to be asleep to believe it.

 

May 9, 2013 11:37AM
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I filled a dispute with Equifax three months ago. Still no answer. Then they block me  from logging in to see if it is fix after three times
May 8, 2013 9:26PM
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........ what credit score we have dictates our behavior, identity, and the way we operate in the world ??????????????????????????????????????
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