SoreCredit

Let's face it - rebuilding your credit can be tough. But there are some common mistakes that people make that can make it even harder. Check out these six mistakes you might be making:

1. Ignoring your credit report - It's important to stay on top of your credit report and dispute any errors you find.

2. Making late payments - Your payment history makes up the largest portion of your credit score, so paying on time is crucial.

3. Maxing out your credit cards - Using all of your available credit can hurt your credit utilization ratio, which is a big factor in your score.

4. Applying for too much credit - Every time you apply for credit, it can bring your score down a bit. Be selective about the applications you submit.

5. Closing credit accounts - Closing accounts can lower your available credit, which can hurt your utilization ratio.

6. Not having a plan - Rebuilding your credit takes time and effort. Make a plan to improve your score and stick to it.

Don't let these mistakes hold you back from rebuilding your credit. Remember, improving your score can take time, but it's worth the effort.