Of course it's important to do what you can to bump up your credit score. But many people use the wrong tools towards that objective even though they have the right motivation. And when they do, they actually worsen their credit rating rather than improve it.
There are a lot of ideas and myths about good credit and higher credit scores but they aren't all true or helpful. As a result, many people know the importance of high credit scores but they aren't necessarily achieving that goal.
It's common to believe that a credit score is really only helpful when you want to borrow money and therefore (so the questionable logic goes) you don't need to check your score until you want to borrow money. Here are four reasons why that way of thinking is wrong.