The 8 most common credit mistakes.

Are you making mistakes when it comes to your credit score? A lot of consumers may think they have a good idea of how to manage their credit, but keep making these same errors, over and over. Avoid these credit mistakes your FICO score will be on the rise!

The 8 most common credit mistakes:

 

  1. Worrying too much about having your credit ...
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How much money did you spend last year?

If you’re like most people, you may answer “Too much!” or “A truck-load!” without knowing an actual number.

But, thanks to a yearly survey by the Department of Labor, we can now account for each category of spending for the whole year, both in real dollars and as a percent of the overall budget.

In fact, it’s estimated that the average U.S. consumer spent a total of $49,638 last year, or $4,136.50 monthly and approximately $138 per day!

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