There are a lot of financial mistakes that could sabotage your credit score. But some do much more harm than others. Five errors in particular, are so serious that they could be called credit score killers. To protect your credit capacity you need to be aware of what they are to evade.
1- Late payments
It is the public enemy number one of the credit score. Delaying the payment of your obligations destroys your credit score because the credit rating companies put more shares in the performance of your bill payment than any other financial behavior.
In fact, default or late payments do more damage to your credit score than several of the other culprits on this list combined. That’s important because your credit score, in the first place, tells lenders if you can be trusted with credit. If you are not paying your bills on time or if you …