Signs that you might have bad credit, even if you think you don’t

  • Your credit rating may slowly get worse over time without you realizing it.
  • Maximizing your credit cards can hurt your credit score even if you pay your bills on time every month.
  • Things beyond your control, such as a change in loan service, can also hurt your credit rating.
  • Here are five ways to tell if you have a bad credit ratingeven if you think you have good credit.

In the USA, credit is scored through a points system based on your payment history, outstanding balances, length of credit history, and types of credit accounts.

Credit scores range from 300 to 850, with a good credit score being above 670, depending on the credit bureau Experiential. A low credit score could affect your ability to get a mortgage or rent an apartment and could mean that you will have to pay a higher interest rate if you take out a loan.

There are easy ways to build credit and get a good score, like making consistent and on-time credit card payments. But there are some things out of your control that could hurt your score as well – and you might not even know it.

According to Matthew Cooper, co-founder and CEO of the payment application Earn up to, the way credit scores are calculated in the United States is “incredibly unfair to the average consumer,” not only because the formula for calculating credit scores is complicated, but it also maintains changing.

Here, Cooper has pointed out a few ways you may have taken a toll on your credit without realizing it, so that you can take action to improve your score.


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