Paying your bills on time is the most important contributor to a good credit score. Even if the debt you owe is a small amount, it is important that you make payments on time. Also, you should: minimize outstanding debt, avoid over doing yourself, and refrain from applying for credit unless it is necessary. Applications for credit show up as inquiries on your credit report, indicating that you may be taking on new debt. It is in your best interest to use the credit you already have to prove your ongoing ability to manage credit responsibly.
Posted on: Mon, 19 Aug 2013 20:35:33 +0000
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