It’s safe to say that when people get in possession of a credit score, they usually lose track and end up abusing their credit card by buying a lot of on credit. Sure, as long as you are staying within your credit limits, everything is fine. However, as soon as you over spend, or you forget to make the payment on time, things start to get more complicated.
There are several mistakes people can make that are really, really harmful to their credit score. Today, we are going to take a look at the mistakes that cause your credit score to plummet, but before we begin, we advise you to take a look at Cafe Credit in order to have all the information on credit cards, as well as credit scores.
With that out of the way, let’s take a look at the mistakes.
Delaying The Payments
You are given a month to clear your payments, and top of that, some amount of grace days as well. However, if you don’t pay on time, or pay in installments on time, then you should know that you are going to have a bad impact on your credit score. So, make sure that you don’t delay the payments.
Not Staying Within Your Credit Limit
Every person is issued a credit limit that he or she has to live by, however, we often get sidetracked whenever we are spending money, and often end up exceeding the credit limit. If you want to make sure your credit score doesn’t get affected in a negative manner, make sure that you are always staying within your credit limit because not doing so can actually create a lot of problems for you, and that’s not something ideal.