What factor will have the most negative weight in my credit rating?

1 minute minutes read

Your credit score is a great tool to get better loans and credit cards. In order to have a great credit score though, you have to know what might hurt it.

Factors that have a negative impact on your credit score

There are a few factors that can negatively impact your credit score, but the most common ones are:

  • Applying for various credit cards

If you apply for various credit cards in a short amount of time, you’ll get a lot of hard inquiries, which will hurt your credit score in a negative way.

  • Missing payments

This is important because not only will it affect your credit score, but you will also have to pay interest for not paying at least the minimum required.

  • Utilization

This factor is often ignored by people, but it can also have a negative impact on your credit score. It is recommended to keep your utilization under 30% at least, being a sub 10% utilization the best practice.

If you have any doubts regarding your current credit score, you can go to our website and check your credit for free.


Arturo Mendez

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