Credit scores are two words that can bring terror into the hearts of even the most courageous and strong entrepreneurs for a valid reason. A credit score is definitely one of the most important factors for opening and closing financial doors throughout a lifetime. Clear your doubts about how to check your credit score by visiting the Clix Capital website. When you enter all the information and details, you will find an option that says, Check my credit score, and on clicking it, you will get your free credit score within a few seconds. https://www.clix.capital/check-credit-score/

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6 Mistakes Hurting Your
Personal Credit (and Your
Business)

2. 2
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High credit
balance
And because, as an entrepreneur,
your business credit options are
determined mostly by your personal
credit, what you don’t know can
hurt your business, too. So, it is
very important to understand where
you stand in terms of credit, how
to check your credit score and
make sure that you are maintaining
a good credit score.

3. 3
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You keep opening new accounts
Do you keep applying for new credit on the
go? If yes, you will definitely not like
the fact that opening new credit drops your
credit score. It is not a good idea to
apply for a new loan, credit card, or any
line of credit frequently. Make sure you do
not apply for new credit unless you need
it. Now, how it affects you will be
important for you to understand the basics.

4. 4
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You closed old credit
accounts
Credit accounts are good when they are
old and have existed for a long time. If
you have a line of credit that has a
good track record and has been there for
a good number of years, it will help you
with a good credit score. It is not a
good decision to close off any old or
existing credit accounts even when you
don’t use them.

5. 5
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You only pay the minimum balance
While the full bill amount looks
huge, the minimum bill amount is
always very pleasing. However, paying
the minimum amount will make your
loan expensive and you will lose your
credit score. Any overdue or
outstanding amount will always drop
your score.

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