Checking your credit report regularly is highly essential to maintain a good credit score. This is because errors can creep into your credit report at any time. An erroneous credit report means your credit score is at risk of going down. Making your credit report error-free is particular crucial when you are about to apply for a loan or when you are about to approach a lender.
Errors in your credit card can deteriorate your chances of qualifying for a loan. Similarly, canceling your credit cards can diminish your credit score. Even if the card is not in use, it will help you build a longer credit history, which will contribute to a better credit score. Also, try to refrain from withdrawing credit card balances from one account for putting into another.