by Priyanka roshan, may 31, 2024
Consistently pay your credit card bills, loan EMIs, and other financial obligations by the due date.
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Aim to lower your total debt by paying off outstanding balances.
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Refrain from applying for multiple credit cards or loans in a short period.
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Regularly check your credit report for errors or inaccuracies.
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Have a mix of credit types, such as credit cards, personal loans, and mortgages.
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Only open new credit accounts when necessary, as each new account can temporarily lower your credit score.
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If you have multiple high-interest debts, consider consolidating them into a single loan with a lower interest rate.
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If you have a low credit score or no credit history, consider using a secured credit card.
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Pay more than the minimum due on your credit card bills to reduce debt faster and demonstrate good credit behaviour
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Keep unused credit cards open if they have no annual fee to maintain a low credit utilization ratio and longer credit history.
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