StarCredit

👉🏾 7 Common 🤭 Mistakes 🤔 That Will Cause Your Credit Scores to DROP‼️📉

🔹Paying off Accounts in ❌ Collections
🔹Closing 💳 Revolving Accounts
🔹Keeping a Zero 🚫 Balance on all your credit cards or credit card inactivity
🔹Paying off an Installment Loan without having at least (4)diversified trade lines remaining in👌🏾good standing
🔹Utilizing More Than 30% 👎🏾 of your available credit on credit card accounts.
🔹Making Late 😬 Payments (30 days or more)
🔹Applying ⌨️ for New Lines of Credit

Educate yourself on the importance of financial literacy !

🚨Credit Tip: 📓📊

Credit Repair is NOT an overnight fix. There are no shortcuts to fixing the YEARS of misuse of credit. Collections, bankruptcies, judgements & any other derogatory items all have to go through a process which takes at LEAST 30 business days, Under the Fair Credit Reporting Act. The Credit Bureaus have to review and respond to every dispute it receives within 30 days.

❇️DON’T try to rush the process

In the meantime:📓📊
✅Avoid co-signing for anyone (if possible)
✅Keep credit cards utilization under 30%
✅Avoid late payments
✅Do NOT pay collection agencies