As they say, tis the season! But for many the season comes with some major credit score declines. Lower credit scores lead to higher interest rates and denials. Credit scoring is complicated and many consumers cause damage to their credit score without even knowing it. It is important to understand some basics to ensure you don’t end up hurting your score.
Follow these tips and stick to a budget this holiday season to avoid worrying about a lower credit score or excessive debts in the near future.
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Credit Reporting / Scoring Expert, Chris McConville is the President of Credit Education at CureMyScore.com and founder of myexpertcreditwitness.com where he works as an Expert Credit Witness work in both Federal and State Court. With more than 20 years experience working in credit along with his extensive past Mortgage Originating career, he’s dedicated to sharing his knowledge to educating consumers.
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