While on a shopping spree, you open credit-card accounts at several of your favorite department stores to snap up discounts of 10% or 15%. You’re saving a bundle, but you may be chipping away at your credit score.
In an effort to clean your cluttered finances, you close three zero balance credit card accounts. Lightening your wallet feels good now, but the potential hit to your FICO Score could weigh you down later.
The only thing worse than getting a nasty surprise is getting a nasty surprise about your finances. For instance, you check your credit score and discover it’s much lower than you anticipated. You wonder, “What went wrong?”
About How to Boost Your FICO Score
Good Credit Scores takes patience and persistence and there are quite a few ways to legitimately give your score a boost when needed. Over the long haul, you'll be rewarded with a solid FICO Score.