How NOT To Ruin Your Credit Score
That all important credit rating can make a big difference to what loans you can get and how much interest you’ll pay, so these tips on ways you can ruin your credit can remind us of the best ways we can act to be sure we don’t damage our credit score, wherever possible:
- Don’t forget to pay a bill on time. Sure, if you can’t get to the post one day and your payment arrives a day late - one time only - it’s unlikely to have any effect on your credit score. But make it a habit to pay your bills on time or early.
- Don’t spend up to your credit limit. The ratio of your debt compared to your credit limits is a big factor in calculating your credit score. Experts recommend spending no more than 10% of your credit limit.
- Don’t cancel all your old credit cards. Keep one or two credit cards that you have a long history with as this will help your credit score.
- Don’t sign up to a dozen new cards a year. Ignore all the offers that land in your mail box. Stick with the cards you have and your credit score will like you a whole lot more.
- Don’t borrow money you don’t actually need just because somebody thinks it will help your credit score.
That all important credit rating can make a big difference to what loans you can get and how much interest you’ll pay, so these tips on ways you can ruin your credit can remind us of the best ways we can act to be sure we don’t damage our credit score, wherever possible:
- Don’t forget to pay a bill on time. Sure, if you can’t get to the post one day and your payment arrives a day late - one time only - it’s unlikely to have any effect on your credit score. But make it a habit to pay your bills on time or early.
- Don’t spend up to your credit limit. The ratio of your debt compared to your credit limits is a big factor in calculating your credit score. Experts recommend spending no more than 10% of your credit limit.
- Don’t cancel all your old credit cards. Keep one or two credit cards that you have a long history with as this will help your credit score.
- Don’t sign up to a dozen new cards a year. Ignore all the offers that land in your mail box. Stick with the cards you have and your credit score will like you a whole lot more.
- Don’t borrow money you don’t actually need just because somebody thinks it will help your credit score.


Millions of people in the United States carry at least one credit card. And guess what? A large number of them are college students. This is becoming a popular trend as costs go up, and the number of students in college also increases. The question is: do college students need a credit card? This all depends on who you talk to.
Are you worried about overusing your credit card? Is this something you have done in the past? If so, there are ways you can avoid future problems. One of the easiest is to use your debit card instead of a credit card. Believe it or not, this can do wonders for your finances.

