Bill-Paying Mistakes to Beware of
Bill paying can be complicated. Some are on auto pay, some come in the mail and some businesses accept only paper checks. Though it seems unfair that little mistakes in these processes can ding your credit scores, it’s true. “Few things in life are as expensive as having crummy credit,” says Matt Schulz, chief credit analyst at Lending Tree. They can mean higher interest rates and annoying fees on credit cards and loans, and cost you the cellphone, apartment, or even job that you want.
Related: Ways to Improve a Bad Credit Score