Improve Your Credit Score With These Simple Steps!

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It’s important to note that repairing bad credit is a bit like losing weight: It takes time and there is no quick way to fix a credit score. In fact, out of all of the ways to improve a credit score, quick-fix efforts are the most likely to backfire, so beware of any advice that claims to improve your credit score fast. The best advice for rebuilding credit is to manage it responsibly over time. If you haven’t done that, then you need to repair your credit history before you see credit score improvement. The tips below will help you do that.

1. Keep balances low on credit cards. 
High outstanding debt can affect a credit score.

2. Pay off debt rather than moving it around. 
The most effective way to improve your credit scores in this area is by paying down your revolving (credit cards) debt. In fact, owing the same amount but having fewer open accounts may lower your scores.

3. Don’t close unused credit cards as a short-term strategy to raise your scores.

4. Don’t open a number of new credit cards that you don’t need, just to increase your available credit. 
This approach could backfire and actually lower your credit scores.

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