Filtered by Tag: credit score killers

Credit Score Killer: #4 — Slow Pays

You have heard it said "Slow and Steady wins the race."  Well, in the world of credit scores, that is not the case.  Slow pays can, and will, kill your credit score.  So what is the definition of a "Slow Pay?"  A slow pay is an account that you pay regularly, but you unfortunately pay 30 days or more past due.

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Credit Score Killer: #3 — Cell Phones, Cable, and Satellite TV

When you think about credit scores, do you think about Cable TV? Or Satellite TV?  Unless it is an advertisement for Credit Karma or, you probably have never thought about the connection between your cable service and your credit report.However, we frequently see charges owed to these companies that show up on the credit reports of our applicants.

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Credit Score Killer: #1 — Too Many Inquires

Over the next several weeks, we are going to publish some articles about "Credit Score Killers."  Those things that can have a dramatic, negative impact on our credit scores.  Many of these you may already know.  But some may come as a surprise to you.First on our list is "Too many inquiries."  In the world of Facebook, we like to have lots of "Likes" and lots of "Friends."  In the Instagram world and in the Twitter-sphere, people ...

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