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What will make your credit score go down?

What are the different things that can make your credit score go down? What hurts your credit score?


1 Answer

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The following factors may make your credit score go down:
- late payments
- new credit report inquiries
- expensive credit card purchases
- having only new accounts in your name, or
- opening several new accounts in a short period of time
- filing for bankruptcy
- an unpaid account was sent to collections
- one of your credit limits was lowered, or
- you closed a credit card.

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