Your credit score can go down if you apply for credit many times or open a lot of new accounts in a short amount of time. It could be a sign that your finances aren't stable.
The duration of your credit history also plays a role in your credit rating. By reducing the length of your credit history, closing outdated accounts might have a negative effect on your score.
If you have a business, it's important to keep your personal and work finances separate. Putting them together can make you personally responsible while damaging your credit.
Check your credit reports from all three main credit agencies (Experian, Equifax, and TransUnion) on a regular basis for problems or inaccuracies. Incorrect information might have a negative impact on your credit score.
Your credit utilization ratio, which is another important part of figuring out your credit score, can go down if you use up all of your credit cards' limits. Try to use less than 30% of your available cash at any given time.