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Q.

HOW TO INCREASE CREDIT SCORE?

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Hi,

Here are some tips on how to increase your credit score.

  • Pay your bills on time: This is the single most important factor in determining your credit score.

  • Keep your credit utilization low: Your credit utilization is the amount of credit you are using compared to the total amount of credit you have available. Aim to keep your utilization below 30%.

  • Lengthen your credit history: The longer your credit history, the better.

  • Avoid opening new accounts too often: Opening too many new accounts in a short period of time can hurt your credit score.

  • Dispute any errors on your credit report: If you find any errors on your credit report, dispute them immediately.

By following these tips, you can improve your credit score and qualify for better interest rates on loans and credit cards.

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