Released: May 18, 2007

Six ways to kill your credit score

Source: Jeanne Sahadi, CNNMoney.com

Lenders, insurers, landlords and others will charge you more or flat-out reject you if you show up with a low FICO score. Here’s how you may be doing yourself harm.

Be a big spender at the wrong time. The bigger your total balance as a percent of your total credit limit across all your credit cards, the lower your score will be.

Rex Johnson, founder of credit union consulting firm Lending Solutions Consulting, has spent years studying FICO credit scores - the most widely used among lenders. Scores range from 300 to 850 - the higher the better, with anything above 760 being the most desirable. 

Read Full Article: Six ways to kill your credit score