Your credit score is an important number. It's how creditor and lenders quickly decide if you are creditworthy. Find out which actions hurt your credit score so you can stay away from them.
1. Paying lateThirty-five percent of your credit score is your payment history. Consistently being late on your credit card payments will hurt your credit score. Pay your credit card bills on time to preserve your credit score.
2. Not paying at allCompletely ignoring your credit cards bills is much worse than paying late. Each month you miss a credit card payment, you're one month closer to having the account charged off.
4. Having an account sent to collectionsCreditors often use third-party debt collectors to try to collect payment from you. Creditors might send your account to collections before or after charging it off. A collection status shows that the creditor gave up trying to get payment from you and hired someone else to do it.
5. Defaulting on a loanLoan defaults are similar to credit card charge-offs. A default shows that you have not fulfilled your end of the loan contract.
consumer credit counseling, before filing bankruptcy.