You know how important your credit score is but do you know the five biggest credit mistakes that affect your credit?
You know how important your credit score is but do you know the five biggest credit mistakes that affect your credit?
Hi, I'm Danielle Scott with Keller Williams Realty and surprisingly, the higher your credit score, the more it's impacted when you make a mistake.
For example, take a look at this chart. If your score is 680 and you have a maxed-out credit card, it can impact your score between 10 to 30 points. However, if your credit score is higher, let's say 780, then it can drop your score between 25 to 45 points.
Even a silly, little late payment can impact your score up to 110 points.
A debt settlement drops your score between 45 to 125 points and the last two, foreclosure and bankruptcy can have a much bigger impact.
Hey, we all make mistakes so you owe it to yourself to know these numbers.
For more information about how to maximize your credit, please give me a call.