Interesting article on MSN about how you can hurt your credit score. Here is the hot list of weird things that can do the damage (my comments are in italics):
1. Credit company not reporting your true credit limit (Capital One) (Not really weird)
2. Credit cards with no preset spending limits (Amex) (Not really weird)
3. Disappearing deliquencies or brankcruptcy (Weird)
4. Balance transfers (Not really weird)
5. Opening new credit card accounts (not a big deal), closing old ones (can be a big deal), but everyone knows this by now.
6. Settling old debts (Weird)
7. Tickets and fines (Expected, Not really weird)
The article does not mention this, but paying some bills late can also hurt credit scores. One example is T-mobile. I know for sure that paying your T-mobile bill late goes as a negative entry in your credit report. I don’t know how they do it, but they confirmed that they report late bill payments.
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