The Canadian Credit Score Skinny
Credit scores are crucial to your financial health, and it’s essential to understand how they work to avoid common mistakes that can negatively affect your score.
Here are some of the most common credit score mistakes and how to avoid them:
1 – Late or missed payments
Late or missed payments are one of the most significant factors that can impact your credit score.
It’s essential to pay your bills on time, or you’ll be charged a late payment fee, which will lower your credit score.
Set up automatic payments or reminders to ensure you don’t miss any payments.