How Common Credit Mistakes Affect Your Credit ScorePosted on December 10, 2009

A question we get asked all the time is “How much will my credit score go down if I have a bankruptcy on my credit report?” In the past, we had no way of knowing exactly how much the score would change. FICO has kept their proprietary scoring methods under wraps—until now.

They have revealed how 5 common credit mistakes will affect your credit if your score is an excellent 780 and if your score is a good 680. Here are the results:

Of course, this is just a guide and is definitely not a guarantee. People with the same credit score can have very different profiles. One person may have a short credit history and fewer accounts versus someone with a long credit history, more accounts and more use of available credit. Because of these differences, the same action—maxing out a credit card—can have different effects on people with the same score.

For more information about how these common mistakes affect your credit score, click here.

If you have any of these mistakes on your credit report, call Trinity Credit Services at 1-888-669-7372 for your Free Credit Report Consultation. We operate 100% legally and offer guaranteed permanent results.