Here are a few tips about credit that a lot of the general public doesn't know.
Did you know that if you pay off a credit card and cancel it at the same time that this will hurt your credit score? By doing this you are reducing your amount of available credit which can hurt your credit score. Better alternative: If you plan on paying off a credit card balance then do so but when you do just leave it open with no balance, if you will have a hard time not using it since there is nothing on it then just cut it up so that you can't!
To many inquiries in a short period of time will also lower your credit score as well as raising a flag to lenders that you are in to some money troubles since you are looking to receive credit from a lot of lenders at the same time.
When lenders look at your credit score they usually look at the previous 12 months as a whole so if you have a delinquencies with in the past 12 months they will notice this, sometimes it's better to get that 20 or 30 dollar overdraft charge from your bank that to have a delinquency on your credit report the difference in the interest rate that you could be looking at on your next loan may end up being more than the 20 or 30 dollars in the long run.
