Mature Life Features

Cecil Scaglione, Editor

Birthdays . . .

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. . . are good for your health.

The more you have,

the longer you live.

Moving May Damage Your Credit

There other ways than missing or making late payments to damage your credit rating.

Moving can result in a lower credit score because bills may get lost in the mail or may be forwarded but arrive too late to pay on time. The delayed payments, or lack of payment, become blots on your credit history.

Another bit of misinformation is that canceling unused credit cards will improve your credit score. It can do the opposite because you dump a chunk of available credit, lowering the amount of credit available to you while increasing the percentage of available credit that you’re using.

If you do close down a credit card, do it to one with a low credit limit.

Written by Cecil Scaglione

October 18, 2022 at 2:00 am

Posted in Uncategorized

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