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A good credit score is your ticket to a home or a car or a credit card, and a slip-up can come back to haunt you.

The 4th way is to avoid applying for new credit cards that you don't need. The reason as described by the article:

When you apply for new credit, an inquiry is made on your credit report. Each inquiry is a tiny ding, but enough dings can add up to a dent, especially if you have a short credit history.

It's also important to note that many banks will do a hard credit inquiry when you open a savings account or checking account.

 

Submitted: Nov 22, 2008    Views: 396    Comments: 1    Likes: 1   


View Article: http://www.kiplinger.com/features/archives/2008/11/five-ways-to-boo...


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Comments Received:

JB
(Unregistered)

This is a good article that should help people with lower credit. The key is to always know your Credit Score and if there are errors on your Credit Report. You can get both for free right now at www.GoFreeCredit.com along with a free trial to credit monitoring to help protect your credit score and protect against ID theft.

Posted: Nov 23, 2008



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