SeaComm Federal Credit Union OFFICIAL BLOG

4 Things That Can Damage Your Credit Score

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It can be easy to build a great credit score, but it’s even easier to damage it! Here are some mishaps that can result in a low credit score.


Closing your zero-balance credit cards. Closing a credit card might sound smart, but it can actually hurt your credit score. Even if you’ve paid off a credit card, you should keep it open. By canceling a card, you will reduce your total credit amount, and raise your credit utilization ratio – which hurts your score.

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Past-due rent payments. Failing to pay your rent on time won’t just upset your landlord, it can also impact your credit score…as your landlord might decide to report this activity to credit bureaus.



Outstanding medical bills. Medical debts are normally reported only after a 180-day waiting period, which is intended to allow enough time for insurance payments to be applied. However, avoiding these bills after the 180-day grace period will negatively impact your credit – like any other bill!

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Ignoring your credit report. Did you know that you’re entitled to one free copy of your credit report each year, from each of the three nationwide credit reporting companies? Use this access to monitor for errors in your report that could end up damaging your credit score. If you notice a mistake, contact both the credit bureau and organization that provided the information to the bureau. Both these parties are responsible for correcting inaccurate information!

For more tips, read our blog post “How to Improve and Maintain Your Credit Score” by clicking here!

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