What Hurts Your Credit Score the Most (And How to Fix It)
If your credit score dropped and you’re not sure why, you’re not alone.
Understanding what hurts your credit is the first step to improving it.
Biggest factors that lower your score
1. Late payments
Payment history is the biggest factor.
2. High credit utilization
Using too much of your available credit lowers your score.
3. Collections and charge-offs
These are major negative items.
4. Hard inquiries
Too many applications in a short time can affect your score.
5. Errors on your credit report
Incorrect information can lower your score unfairly.
Final thought
Most people don’t have just one issue—it’s usually a combination.
Want to find out what’s affecting your score?
If you don’t want to go through this process alone, we can handle it with you.
We can review your credit and break it down clearly.