What type of things can ruin your credit?

There are many things that can ruin your credit. One of the biggest things that can ruin your score is missing payments, especially if you miss more than one. Delinquent payments can really bring down your score, especially if they go beyond 30 days late. Another way your credit can get ruined is if you apply for lots of credit cards at once. Although applying for new credit is a fact of life in our credit society, filling out too many applications gives potential lenders a red flag that you are living or planning to live beyond your means. In addition, running up your balances can take a huge chunk out of your credit score, so make sure the balances on your cards and loans are under control or else you could be losing valuable points.

Personal quip: good luck and happy borrowing!