OK, so life is good. You’ve finally reached the point where you want to be. You’ve got a good job, a decent car, and a girlfriend who hasn’t tossed you out on your sorry ass. You’re even looking at buying a house, which is a big step for a dude like you. You’ve got a credit score, and it’s actually not too bad, hovering right around 700 or so.
Still, there’s this self-destructive side to you that you’ve had ever since you decided to call that big kid a sissy in Kindergarten. No matter what, you’re determined that things won’t go well for too long. You’re planning on a week-long bender during which you manage to get fired from your job, get caught cheating on your girlfriend and spend at least one night in jail.
Still, none of that will, by itself, screw up your credit score. If you want to completely destroy your credit score, here are some things you need to do:
- Max out your credit cards. One of the factors in determining your credit score is how much of your credit you’re actually using. If all of your revolving credit (credit cards) are at their limit, it tells the credit reporting agencies that you’re pretty much living on the edge.
- Don’t pay your bills. It sound simple, and you probably want to still pay your rent so that you don’t get kicked out. But there are plenty of other bills you can just simply ignore if you want to destroy your credit score. You’re best bet is to let those bills go so long that they go to collections.
- Apply for lots of credit. Now, applying for a bunch of department store credit cards or other types of credit won’t hurt your score too much, but if you do it a bunch it can lower your overall score at least a little bit. And here, every point counts.
- Make less money. Technically, your credit score doesn’t factor in your income. However, when you apply for credit of any sort the creditor is going to look at your income versus your debt. Make less money if you want more rejection.
- Don’t bother checking your credit report. Your credit report might have errors that you can have corrected, and these can damage your credit score. Don’t bother.