5 habits that can wreck your credit
You may not even remember making the small decisions that, taken together and done over and over, can put a big dent in your credit scores.
This post comes from Jeanne Kelly at partner site Credit.com.
But paying for everything by credit card is a way to run up the charges without realizing it, and the monthly statement is almost always a shock. If you want to take advantage of credit card rewards by charging everything, make sure you check your accounts frequently so your statement doesn't catch you off guard.
Often what happens is, bills flow in, they get stuffed into one overwhelming pile, and then you have to sort through your bills to figure out what happened that month and how you're going to pay them all. And if you're not careful, some of those bills might not be dealt with until after their due date (which has one of the biggest negative impacts on your credit).
This bad habit ignores the risks and accepts whatever may happen -- which will inevitably lead to a lower credit score. (Hint: This is the most important bad habit to fix!)
You can check your credit score using a free tool like Credit.com's Credit Report Card, which gives you your score plus a breakdown of the major components of your credit score (payment history, credit usage, length of credit history, mix of credit and new credit) to see what areas you need to work on.
It's equally important to check your credit reports, which you can get for free every year from each of the three major credit-reporting agencies. You can pull a copy from a single bureau once every four months to monitor your credit throughout the year.
Remember: Good credit habits lead to good credit history and a good credit history has a positive impact on your credit score.
VIDEO ON MSN MONEY
So this reporter was interviewing a lovely, spry centenarian woman; talking about her health and the factors that she felt had contributed to her longevity. At one point in the conversation he asked her if, in all that time, she had ever been bed ridden, to which she enthusiastically replied, "Oh yes! And twice in a buggy!!!"
Where do they come up with these great ideas to write about? Yes I agree common sense. IN an ideal world, Most getting laid off scraping to get by until the house is repo, think they care by then if credit cards get hit too ! Lay offs impacting most that always had perfect credit scores, they need to factor this into there scores when most finally get on there feet HELLO.
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