Bankruptcy news of the day:

An article from Huffington Post.

Excerpt: “Everyone knows that your credit score is important for most of your financial moves, whether it be applying for a credit card or trying to score that massive mortgage. The problem is that most of us don’t know how our credit scores are calculated, so we don’t really know how to keep them healthy and high. In fact, many of us are making some very common mistakes when it comes to our credit, without even know that these damage our credit scores. Here are four of the most common mistakes people make and how you can fix them:

Not paying off credit cards every month

This is the biggest mistake. Someone along the way started a rumor that it is good to have a little debt when it comes to credit cards. While having loan debt can be beneficial to your credit, having credit card debt is never good. One of the key factors that determines your credit score is your credit utilization ratio, which is a fancy way of saying the measure of how much credit you are using…”

 

Keep reading at the link below!

Credit to original article: http://goo.gl/uQyAOy