Guaranteed Ways To Lower Your Credit Score – 5 Steps

We know how important a credit score is these days, don’t we? Yet many people still insist on doing what they can to destroy their score.  Since some want to have a train wreck of a credit score here are five guaranteed ways to lower your score:

1) Pay your bills late. Here’s a good one to lower your score.  Pay your bills late, especially loans and credit cards.  And I’m not talking a few days late, I’m talking 90-plus days late.  Wait until you get a collection notice, why dontcha? (According to, accounts 90-days late can damage your score up to 7 years. Bingo!)

2) Max out your credit cards. Get those credit limits used up!  More credit used (more you owe on your cards) the lower your credit score will be.  Aim for a high credit utilization and you will go a long way to lowering your credit score.

3) Apply for more credit. Hey you maxed out your cards in step #2, right?  Now you need more credit!  Apply to as many cards and loans as you can.  Whether you are accepted or not the applications with show up on your credit report.  The more you are looking for credit the less trustworthy you will seem.  What does that mean?  Yup, lower credit score!  (Bonus if you actually get rejected!)

4) Ignore your credit report. Your credit report will show your credit activity and history.  It can even show if there are mistakes or fraud.  You get three chances a year to check your credit report for free but for those wanting a low credit score that’s three too many.  Look, the mistakes and such will sit there and affect your score.  Why bother with them?  Leave them there so your score can stay as low as possible!

5) Jump from card to card. As you apply to new credit cards that suits your fancy, make sure you cancel your old cards.  You don’t want OLD cards do you?  They are all worn out and new is better, isn’t it.  What’s your credit history have to do with anything?  You’re concerned with what credit you have left right now!!

There you go.  These five steps should go a long way to lowering your credit score!

I hope you can see I’m being facetious (don’t worry, I looked up the word too!). You should realize how important a credit score is these days.  Your score can affect things such as loans (mortgage, car), credit card applications and rates, insurance rates, whether you get an apartment, and even if you get a job!  Protect your credit score and make sure you keep it as high as possible.

While there are no guaranteed quick schemes to raise your score, there are steps you can take to improve your credit score such as pay off your credit card balances and make sure you pay your bills on time.  Steps like these can go a long way to raise your score and in the long run save you money.

What other ways can you think of ruining a credit score?

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Published or updated May 30, 2013.


  1. Chris Gagner @ SmartPF says:

    Well, I have to say that I don’t see to many posts showing how to lower your credit score!! Very unique. If you want to raise your score, do the opposite!
    1) Pay on time
    2) Keep your credit balances low
    3) Don’t apply for more credit
    4) Check your credit report
    5) Stick with one or two cards

  2. Reverse psychology, good idea for an article! Too many people keep doing the same wrong things and expect different results – when it comes to credit it won’t work.

  3. Haha! I’m loving (or hating) this list.

  4. Very unique way of doing this!

    Ignorance definitely isn’t bliss if you’re trying to fix your credit rating, that’s for sure!!

    What are your thoughts on closing credit cards you are not using? There’s sme debate on that. Some people seem to think keeping them open is better – while you’re not running up any debt on them, while others think even dormant cards could potentially dsmage your rating if you are not using them.

    What do you think?

    • Keeping your oldest card is probably a good idea. As for closing other cards, it depends on your spending habits and whether you will need credit any time soon. For some, closing out unused cards prevents finding them and using them for the wrong reasons. But for others who may be looking for say, a car loan or home mortgage, you should keep your cards open and concentrate on building up your score.

      My 2 cents at least…

  5. Pretty funny stuff. I think the one most people don’t realize is to keep old credit cards open because it helps with credit history. I don’t think this one is as obvious because it almost seems more responsible to focus on 1 or 2 cards instead of having 20 open…but our credit score system rewards you for having a bunch of cards open as long as you aren’t maxed out or in debt on them.

    • I agree. I think when one tries to pare down their debt it’s almost natural to want to cut down on the amount of cards they have to resist spending again. But credit bureaus have a different take on this and they prefer to see lines of credit open for a long time as if time is an indicator of trust.

  6. I guess another one would be: #6 Cosign for a loan!

    • Cosigning for a loan can definitely hurt you if the other person doesn’t pay but it should be noted that cosigning isn’t always bad and won’t hurt your credit score if it’s paid on time.

What Do You Think?