Credit Score Not Improving? Uncover 5 Habits Damaging Your Financial Health!

• Missing payment due dates repeatedly significantly damages your credit score, leading to loan rejections and higher interest rates.
• High credit utilization (regularly using over 30% of your credit limit) signals financial pressure and negatively impacts your score.
• Settling loan accounts or ignoring old dues, even if seemingly closed, adversely affects your credit history.
• Repeatedly applying for loans triggers multiple inquiries, making banks perceive you as desperate and lowering your score.
• A lack of an active and healthy credit mix prevents positive credit history building; even small loans can help.

Why It Matters: Identify and change habits like missed payments, high utilization, and repeated applications to improve your credit score.