Daniel F. Iuculano
Certified Financial Planner ™
Contact: Dan Iuculano
Phone: (904) 302-8911
How to destroy your credit - things not to do.
Closing credit card accounts
Letting credit cards collect dust
Running up high balances
Applying for new credit repeatedly
Not paying fines or other bills
Ignoring mistakes on your credit reports
Making late payments or skipping them entirely
There are three major credit bureaus - Equifax, Experian, and TransUnion and they don't share information. All three offer credit monitoring services for a fee and can be quite costly. Avoid these three agencies, instead go to Annual Credit Report and request your free credit report from any of the three reporting agencies. It is advisable to request a new report every fourth month from one of the agencies alternating the credit bureaus each fourth month. Unfortunately the free credit reports do not include your FICO score which is used by most lenders when determining whether to grant you credit or not.
It is recommended that you request your FICO score at least once a year and just before you make any major purchases like a mortgage or car loan. To request a copy of your score myFICO offers a variety of services.