6 ways to kill your credit score

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.

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CNN's Greg Hunter reports on a growing trend of spouses hiding debt from each other. (May 3)
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Be too nonchalant
You may be a great credit risk, but your score won't reflect that if there are errors in your credit report. The last thing you need is to have someone else's delinquencies wrongly assigned to you.

Or you may think you've got great credit, but don't realize that your spouse has been hiding debt from you, and killing your score in the meanwhile.

Unless you make yourself aware of what's in your credit report a few months before applying for a loan, you'll have no idea how a lender will perceive you, rightly or wrongly. And you won't give yourself the opportunity to improve your score.

To boost your score: Order a free credit report once a year from each of the three major credit bureaus, and make sure they're accurate. Order one every four months by going to annualcreditreport.com or calling 877-322-8228.

Two annoying but true facts: Credit scores aren't free, and the credit bureaus don't share information on you, so your credit reports and the scores based on them may vary. So if you're planning on applying for a mortgage or other big loan, you might do well to order a the 3-in-1 deluxe package from myFICO.com for $47.85. That will include your credit reports from all three credit bureaus as well as the FICO scores based on those reports.


Be a bad-timing big spender

Be a slacker

Be too thin

Be too young and eager

Be too tidy

Be too nonchalant
Saving and spending aren't the only factors affecting your net worth. How you manage (or don't manage) your assets and liabilities can make a big difference, too. (more)
You don't have to spend a lot of time to put your financial house in order. (more)
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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.