Here are some common mistakes to avoid to build great credit score :
- Applying for too much credit in a short amount of time: Limit the number of credit applications you make as each hard inquiry can negatively impact your credit health.
- Only making the minimum payment: If you regularly carry a balance on your credit card and you only pay the minimum, it may take you years to pay off your debt and potentially cost you thousands in interest.
- Making late payments or missing payments: This can severely impact your credit health. Add a reminder of your credit card due date (for example, your cellphone or a mark on a physical calendar) or set up automatic payments.