Easiest Ways to Have a Bad Credit

Everyone wants to have an impressive credit score. I can teach you the varied ways to do so but this time I’m going to show you how to sabotage it. So if you want to increase your credit worthiness, by all means, guard yourself from these following credit blunders. If you so much as fall for these detrimental habits, you can wave goodbye to your sparkly credit history and say hello to an abhorent bad credit.

• First step, ignore your bills. One of the top ways to keep a good credit score is paying on time. But if you want to ruin it, do not pay your bills. Late payment is fine. While it can deter good score, it is defaults and arrears that will significantly bring your score down.
• So if you have credit card debt, loans, mortgage and what not, turn your other cheek and pretend you don’t owe anyone a single cent. Do these in a couple of due dates and you can watch your score go down the drain.
• Charge profusely. You have to keep your credit card bill coming so you have more reasons to ignore debt. Using your credit cards, abandon all hesitation and charge all the things you can lay your hands on. Whether it’s for school supplies, groceries, dinner, and other small ticket items, charge them and keep your debt coming.
• Choose your worst credit cards too, those with cunningly high interest rates, and use them profusely. Take advantage of your other credit cards, too.
• If your current stacks of plastics aren’t enough, by all means open a few more. There’s nothing more detrimental than an army of credit cards which will tempt you to your wits to buy unnecessary and excessive items. Now multiply your bills and their interest rates, it’d be disappointing if they don’t exceed a thousand dollars.
• Take loans. If you have mortgage and auto loans currently, try personal loans. These could come from banks and credit unions. If you get approved, your bad credit stature would gladly welcome it with open arms. Spend the money in any wasteful manner you can. Investment you say? It’ll give you financial security so don’t even think about it. Just keep the interest rates rolling and you’ll find yourself bankrupt, homeless, and poor in no time.

These things are exactly the wrong things to do if you want a horrible credit rating. But if you want a bright future, then do not do the things I mentioned.