12d • General discussion
❌ 7 Credit Mistakes That Are Costing You (Stop These Today!)
I've reviewed HUNDREDS of credit reports, and I see these mistakes over and over. The good news? They're easy to fix once you know about them.
**Stop doing these 7 things:**
1️⃣ **Closing old credit cards**
❌ "I paid it off, so I closed it!"
✅ Keep it open (even if you don't use it) to maintain your credit age and available credit
2️⃣ **Only paying minimums**
❌ $25/month on a $500 balance
✅ Pay as much as you can to lower utilization fast
3️⃣ **Ignoring errors on your report**
❌ "It'll fall off eventually"
✅ Dispute it NOW - it could be costing you 50+ points
4️⃣ **Applying for credit everywhere**
❌ Trying 5 different credit cards hoping one approves you
✅ Research first, apply strategically (I share which cards approve low scores in my courses)
5️⃣ **Not checking your reports regularly**
❌ "I'll check when I'm ready to buy"
✅ Check every 3-6 months - early detection = faster fixes
6️⃣ **Only using Credit Karma**
❌ "My Credit Karma says 700!"
✅ Credit Karma uses VantageScore. Lenders use FICO. They can be 50+ points different!
7️⃣ **Giving up when you see a low score**
❌ "My credit is too bad, I'll never own a home"
✅ Credit is FIXABLE. I've seen 580s become 720s in 6 months with the right strategy.
**Be honest: which one(s) are you guilty of?** 😅
No judgment here - we've all made these mistakes. The key is stopping them once you learn it’s not good for your goal.
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❌ 7 Credit Mistakes That Are Costing You (Stop These Today!)
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