Raising your credit score

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Raising your credit score

There are useful things you can do today to to maximize or improve your credit score. Here are some ideas for building the highest credit score:

* Pay your bills on time.

* Get current with past due payments and stay current. Your credit score is based on your history of paying your bills responsibly each month.

* Keep balances low on credit cards, credit lines, and other revolving credit.

* Don't close unused credit cards as a short-term strategy to raise your credit score.

* Limit the number of new credit cards.

* If you are a new credit card holder, don't apply for too many credit cards at once. This could lower your credit score.

* Apply for and open new credit accounts only as needed.

* Have credit cards - but manage them responsibly.

   

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