| September 28, 2010

More consumers overlooking credit score factors

The key to maintaining a good payment history is using credit responsibly. Most cardholders find that regardless of paying bills in a timely manner and tracking transactions, they are still taking hits to their credit score. There are a few factors that play a role in determining a payment history.

Activation is one thing cardholders fail to take into account, according to WIVB-TV. Consumers will often apply for a credit card, and assume it will not affect their payment history if they never use it. In actuality, individuals lose five points every time they sign up for a new card. Lenders also consider applicants with numerous open accounts to be a greater risk.

Consumers who use their plastic frequently but keep up with bills may still do damage to their payment histories. Maxing out a card can reduce a credit score by dozens of points.

The most proactive step cardholders can take is to monitor their credit closely to view how transactions affect their payment history and finances over time. Individuals with existing debt who are looking to improve their credit scores can consider consolidation to reduce their monthly expenses.

"We are really proud to recommend Consolidated Credit" Kathleen Cannon, President & CEO of United Way of Broward County. Consolidated Credit Counseling Services, Inc. is pleased to announce our partnership with the United Way as a United Way Chairman’s Circle Organization.

"We are really proud to recommend Consolidated Credit" Kathleen Cannon, President & CEO of United Way of Broward County. Consolidated Credit Counseling Services, Inc. is pleased to announce our partnership with the United Way as a United Way Chairman’s Circle Organization.

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Consolidated Credit is honored to receive the 2012 Excellence in Financial Literacy Education (EIFLE) Nonprofit Organization of the Year award. The EIFLE awards acknowledge innovation, dedication and the commitment of organizations that support financial literacy education worldwide. See what Consolidated Credit can do for you.

Consolidated Credit is honored to receive the 2012 Excellence in Financial Literacy Education (EIFLE) Nonprofit Organization of the Year award. The EIFLE awards acknowledge innovation, dedication and the commitment of organizations that support financial literacy education worldwide. See what Consolidated Credit can do for you.

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Time tested and customer trusted. Consolidated Credit Counseling Services has been a BBB Accredited Business since 1998 and has a current A+ rating. Call us today and see what we can do for you.

View the Consolidatedcredit.org review status

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