How to improve your credit score

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• How To Improve Your Credit Score
• A credit score helps banks and lenders to know
  the creditworthiness of the borrower. On the
  basis of credit score, it is decided by the
  lender whether to approve a loan to an individual
  or not. This three-digit number has a lot of
  importance. The higher will be the credit score
  the more will be the chance of getting a loan on
  favorable terms. Quick ways to raise your credit
  score are as follows-
• You should keep your credit limit to a minimum
  and restrict your credit usage according to your
  credit limit.

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• Late payment can lower your credit score which
  could affect your interest rate in the future.
  The most effective way to increase your credit
  score is to make payments on time. You should set
  up an automatic payment option for a minimum of
  about due. This is the best way to improve your
  score.
• Having no credit history can keep your credit
  score at zero. It means you dont have any
  experience with credit. You can apply for a
  secured credit card to build good credit history.
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• You should borrow the amount you can pay at once.
  You should take another loan after repaying the
  earlier loan and avoid taking multiple loans at
  one go. It can fall your credit score because it
  creates an impression that you dont have enough
  funds.
• Using a credit card is not bad when you use it
  responsibly. A credit card helps you to build a
  good credit score that positively affects your
  credit score when you it in responsible way.
• It may happen that you have paid off a loan but
  due to an administrative error it is showing
  pending and it can adversely affect your credit
  score. You should review your credit report
  regularly to avoid such errors.