The mistakes listed below are geared towards individuals with poor to mediocre credit scores. If you are one of the fortunate individuals with a credit score of at least 700, any tweaking that you do will tend to have very little impact on increasing your score. Moreover if you are among the few with a credit score of 760 or above you may be able to squeeze out a few more points but nothing major.

Mistake #1 – Requesting that a creditor lower your credit limits. This will reduce the gap between your balances and your available credit, which could hurt your credit scores.

Mistake #2 – Making a late payment. Late or missed payments could drastically damage good scores more than bad scores – decreasing 700-plus scores by at least 100 points or more.

Mistake #3 – Consolidating your credit card accounts… Bad move! Statistics show that one should avoid concentrating their credit-card balances onto a single card. Its better to have smaller balances on a few cards than a big balance on one. Nor is it recommended to transfer your balance from a high limit card to a lower one.

Mistake #4 – Creating a new line of credit when you already have more than enough. Deciding to obtain an installment loan can increase your scores IF you dont have any installment accounts already or your trying to rebound from a credit disaster such as bankruptcy.

Avoiding the aforementioned mistakes you will save yourself a lot of heartache when trying to improve your credit scores. There are several actions that you can take if your goal is to improve your credit score. If you are interested in learning more about do it yourself credit repair techniques it can be accomplished in less than 3 minutes a day…