First, there was the . A few months ago, Alex decided to declutter his wallet. He closed a credit card he’d had since college because he hadn't used it in years. He thought he was being responsible, but by closing his oldest account, he accidentally shortened his credit history and reduced his total available credit. His score took a hit for "losing" that long-term proof of reliability.
Confused, Alex retraced his steps and discovered three "silent" mistakes that had sabotaged his rating. Common mistakes that may affect your credit score negatively
Second was the Even though Alex paid his balance in full every month, he had used 90% of his limit on one specific card to buy gifts in December. Even though he intended to pay it off, the bank reported that high credit utilization to the bureau before his payment went through. To the algorithms, it looked like Alex was suddenly desperate for cash. First, there was the