The seven deadly credit sins: they all represent some form of default on a credit obligation. And while this is certainly not an exhaustive list of items that can damage your FICO scores, it’s a very good list to avoid.
Posts under ‘credit’
A Banker Gives You the Scoop on Balance Transfers
At first glance, it seems like a good idea: you open a credit card with a low interest rate and transfer all of your balances from high-interest accounts to that one card. By consolidating you both simplify and lower your payments. But with credit card companies, if it sounds easy and like it’s a customer benefit, it’s probably neither. I should know: I used to work in credit.
