Are among the thousands who have been devastated by the economic blight that has swept across America over the last 5 years and are now looking to improve your credit score?
Now before you sprint into the credit race, first take a step back and form a spending plan or budget based on your income and fixed living expenses. Late payments are the single-most common factor that hurts credit scores! Make sure all your credit card payments on time and try to automate regular monthly payments so you don’t miss any.
The ratio of credit you use to available credit is just as important as your on-time payment history. If unpaid balances are more than 30 – 35 % of your available credit, that can lower your credit rating. Try not to carry large revolving balances on credit card accounts. Ideally, try to zero out the balance at the end of…
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