Pay your bills on time.
Delinquent payments and collections can have a major negative impact on your FICO score.
- If you have missed payments, get current and stay current.
The longer you pay your bills on time, the better your credit score. - Be aware that paying off a collection account will not remove it from your credit report.
It will stay on your report for seven years. - If you are having trouble making ends meet, contact your creditors or see a legitimate credit counselor.
This won’t improve your credit score immediately, but if you can begin to manage your credit and pay on time, your score will get better over time.
*www.myfico.com
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