Why is My Credit Score So Low?
You Pay all your Bills ON TIME- so what’s the problem?
Here are the prinicple reasons why your credit score is not higher- or why you may be denied a loan:
1] You’ve taken Cash Advances on your Credit Cards
2] You’ve only been making Minimum Payments on your Credit Cards
3] You’ve “co-signed” for Someone Else’s Loan
4] You Sold a house as a “Short Sale”
5] You applied for more than one Credit Card/Line of Credit in a short period of time
6] There have been a lot of Recent Inquiries re: your credit score from Misc vendors
In short, it is your own behavior that is creating “signals” that Financial Issues
exist in your life.