3 Ways to Improve Your Credit Score

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How can I improve my credit score?

3 Ways to Improve Your Credit Score

Always pay on time. Delinquency in paying bills is one of the main ways that people harm their own credit report and credit score. While it is tempting to let bills slide for other purposes, in the end, you can affect your long-term credit standing. Others simply can't afford it, living paycheck to paycheck. A payday loan can help you out of this jam by giving you instant cash when you need it to stay on time with your payments.

Avoid collection. If you've let bills go delinquent and have done nothing about them for a while, you may be faced with a collection. This is a very bad mark to have on your credit report and it can dramatically lower your score. Plus, with the fees of a collection agency being high, using a payday loan to pay up those delinquent bills might just save you a lot of hassle.

Consolidate. If you can, get credit counseling or a consolidation loan to take care of your credit problems. If you can consolidate all of your bills into one monthly payment, it will be easier for you to plan your finances. And, even if you do have trouble making this one payment, use a loan until payday. You'll have three to four weeks to repay it before your next consolidated payment comes due.



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Carma Spence-Pothitt