Released: November 12, 2009

5 ways to kill your credit scores

Source: Liz Pulliam Weston, MSN Money

One of the questions I’m asked most often about credit scores is exactly how much certain actions affect people’s scores. What good is a good credit score?

Until now, the best I could do was say, “It depends.” That’s because the company that created the leading credit score, the FICO, has been wary about releasing specifics.
Fortunately, that just changed. At my request and for the first time, the company (also known as FICO) has released details about how specific actions, from maxing out a credit card to filing for bankruptcy, can affect people with different credit scores.

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