Learn what affects your credit (and what to do about it) — from the experts. We outline some components from your credit report that could hurt your score. Learn 25 mistakes that lower your credit score and how to avoid them. Learn how to avoid these common mistakes and take control of your financial health today. · discover five surprising ways you might be unknowingly hurting your credit score. Losing a portion of your available credit increases your credit utilization ratio, which accounts for 30 percent of your credit score. · your credit score is an important indicator of your financial health. · from canceling old cards to cosigning loans, these surprising missteps can quietly hurt your score. Protect your credit with simple tips that work long term. An increase in this ratio has a negative effect on your score.

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