5 Hugh Credit Card Mistakes 1. Paying your bills late. Keep in mind when making late payments it's 35% of your credit history. 2. Only making the minimum payments. While making your minimum payment is better than nothing, it also means racking up interest charges. The longer you carry a balance on your card, the greater the risk of maxing out your credit limit. 3. Maxing out your credit card limits. By maxing out your credit card limit can also raise your credit utilization ratio. Most credit lenders view a credit utilization ratio above 30% as a major RED flag. . 4. Closing an old credit card might free up space in your wallet, but if it's one you've had for a long time, keeping it open can be quite advantageous. Retaining a long term account can help boost your credit history. 5. Not asking for better terms. 80% of cardholders managed to improve their credit terms by reaching out to their lenders and requesting changes to their existing agreements. If you willing to ask, you might score a lower interest rate or annual rate. #creditscore #creditrestoration #creditprotection #creditboost #assetprotection #creditterms #realtors #mortgagebrokers #winwithwill #creditassets #beingsuccessfullwithbeth