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5 Keys to Unlocking a Better Credit Score
Sometimes people get in over their heads. They rack up so much debt that they're unable to make consistent interest and principal payments. When you're late or unable to make payments, your credit rating suffers. This reduces creditworthiness, and ultimately, it inhibits your ability to access financing.
The good news is that there are things consumers with less than stellar credit can do to improve their standing among lenders and to rebuild their credit score. In this article, we will look at techniques you can use to improve your stats.
Tip No. 1 -- Pay More Than the Minimum
Tip No. 2 -- Work Out a Plan
Tip No. 3 -- Switch from Credit to Debit Cards
Tip No. 4 -- Cut Up Those Store Cards
Tip No. 5 -- Add Comments to Your Credit Report