Pay bills on time
No strategy to improve your credit will be effective if you pay late. Worse, late payments can stay on your credit reports for 7½ years.
If you miss a payment by 30 days or more, call the creditor immediately. Pay up as soon as you can and ask if the creditor will consider no longer reporting the missed payment to the credit bureaus. Even if the creditor won’t do that, it’s worth getting current on the account ASAP. Every month an account is marked delinquent hurts your score.
Impact: Hig…
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