Credit Mistakes To Avoid

Working to earn and maintain great credit scores is a lot like trying to reach and maintain a healthy weight. It’s easy for some people and next to impossible for others, like me.

Buying more than we need? Wanting more than we have?

Spending for the fun of it?  These can all lead us off the deep end. Add a Credit Card to the mix and it feeds a fantasy of immediate gratification. Then the day the bill arrives, OUCH! Here are some great tips to avoid credit mistakes.

Mistake No. 1: Ignoring Your Credit Reports

Mistake No. 2: Making Late Payments

Mistake No. 3: Charging Too Much On Your Credit Card Accounts

You shouldn’t assume that your credit is okay just because you had great credit scores the last time you applied for a loan. Mistakes appear on credit reports all the time. In fact, the Federal Trade Commission released a study in 2013 that found an estimated 21% of us have errors on our credit reports.

Avoiding the mistake: Instead of assuming your credit is still in good shape, it’s a good idea to develop the habit of checking and reviewing your credit reports often (perhaps monthly, but at least every few months). You can easily access all three of your credit reports for free every 12 months at There are also many websites where you can check your credit reports and scores online, often for free. Plus, a number of credit card issuers give cardholders free access to their scores on a monthly basis.

What credit mistakes have you made or avoided?

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Victoria has a B.S. in Adult Training and Learning Technologies from the University of New Mexico. She has trained adults and young adults in various capacities: computers, business, entrepreneurism, bookkeeping, website building, marketing and other web related tasks. She has also taught acting, motivation, and drug and alcohol awareness. A total geek, she is self-taught in HTML, CSS, and WordPress, which she LOVES!!! She has worked in the marketing and promotion of individuals, organizations and companies for over twenty years. She has managed, directed and produced projects large and small. Being purposed and called to Love And Serve others, coupled with her entrepreneurial spirit, and JOY of working with her AMAZING husband, have finally come together in their two latest projects: Sober Directory and New Now Village (A Sober Tiny House Community). These two, in-depth projects may very well be their greatest opportunity to be truly used.

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