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Those seeking credit is not exempt from making mistakes. We never received an education with practical knowledge about interest rates and credit accounts and consequently, if we acquire a loan, we are not exempt from making mistakes. So let’s review the list of 10 most common mistakes we make when we request a credit.

Common mistakes when applying for credit

* 1. The closure of your account credit is a fundamental factor for a poor score on your credit history. Resist the urge to close your account, it will be a bad precedent for the future if you want to make new loans.
* 2. Do not lower your credit limit (although this seems a responsible measure) since this will lower your own Coefficient of solvency.
* 3. Do not apply for multiple loans thinking that maybe you can juggle them to take the transfer debt 0% interest. That does not work that way. Applying for multiple credit will lower your credit worthiness and will increase the interest rate.
* 4. Request only the amount of credit you can afford. One of the most common errors is beyond the limits of credit that can afford to live in constant debt. This eventually is penalized by the credit company.
* 5. Failure time of the depreciation is another very common error in this context. Make your payments on time replenishment. Often ask to point 30, 60 or 90 days to make this revival, it shows you as a customer insolvent and this reputation may remain on your record for seven years.
* 6. No reports regularly check your accounts may bring unpleasant surprises, because one mistake can cost you a lot of outside money. Verify that your statements are correct and claims immediately if an inaccuracy.
* 7. Do not forget to pay the costs of any legal dispute with your lender, however small these were. Your credit score will drop 100 points if you do. Instead, it calls for an inquiry, save the evidence and go to the appropriate authorities.
* 8. The third appeal to actors for the claim of litigation is another error that should not fall. This only makes things worse, since they live to cause, prolong and complicate the application process that often have no relevance as to become grounds for litigation.
* 9. Make use of a repair service debt is another measure unreasonable since there are legitimate ways to repair your credit clearing errors, making a payment plan, etc.. In the best cases these services take several months to get a result and sometimes even resort to using illegal methods. So if you have a complaint, it is better to do it yourself or so you’re certain you’re not committing any illegal act that could cost you dearly.

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