What Does And Doesn’t Hurt Your Credit

What Hurts Your Credit Score

  • Late payments
  • Collections
  • Public records
  • High debt-to-limit ratios
  • No or short credit history
  • Not having enough credit lines
  • Too many credit inquiries

What Doesn’t Hurt You

  • Having a credit card
  • Any debt that is not being reported to the credit bureaus
  • Late rent
  • Late cell phone payments
  • Late utility payments
  • Medical debts less than 180 days past due
  • Being denied credit
  • Overdrawing your checking account
  • Receiving government assistance
  • IRS payment plans
  • Soft credit inquiries

That’s kind of a lot. What do I need to do RIGHT NOW?

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