Improving your credit score is important for anyone who has ever needed to get a loan or apply for a job. Fortunately, there are many things a consumer can do to improve his or her credit score.

The best way to improve a credit score is to make full and on-time payments on all of your current bills. This includes utilities and loans. A late payment can reduce a credit score by as much as ten percent, and making less than the minimum required payment typically has the same affect on a credit score that not making a payment at all has.

In addition to this, it is a god idea to ask for an increase in the credit limit that is extended to you on your credit cards. By doing this, you’ll be able to increase your ratio of credit extended to credit used. The more credit that has been extended to you that you have not used, the higher your credit score.

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