some of the worst credit advice that isn’t true:

1. To build credit, you’ve got to use credit—lots of it!

Many people think that having a higher credit score is to use it more freely, In the event that it hurts your credit score. the higher the credit card balance, the more it is used, resulting in a decrease in account credit.

The right thing to do to increase your credit score is to use some level of credit, and it certainly is not better to use more.

2. Close your credit cards once you pay them off

Closing an account reduces your credit score; in fact, your credit history or the length of time you have a credit account accounts for about 15% of your credit score.

Instead of closing the cards, it is better to always keep them open and use them from time to time and always pay off the balance whenever possible.

3. The occasional late or missed payment is not important

Timely payment of the bill has a great impact on the credit score and accounts for 35% of the FICO score.

Good account management will increase your credit score. This means that there is enough money in the account to pay the bills and the bills are paid on time,

Paying late or not paying regularly indicates that you may not be able to make your mortgage payments as well, so getting a mortgage can be difficult. Set up automatic payments or calendar reminders to help you avoid payments.

4. Getting a credit report will lower your score

checking credit through an official report from one of the primary reporting agencies is a soft inquiry, which won’t affect credit score

However, loan applications for new credit cards or mortgages are considered hard inquiries and will show up and stay on the report for up to two years, briefly lowering scores.