7 Tips for Improving Your Credit Score

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Pay down credit card balances.

A full 30% of your score is determined by the ratio of the amount of money you owe versus the amount of credit you have available. So tackle your high balance credit cards as quickly as possible. A good rule of thumb is to keep balances below a third of the total available; for example, if you have a $3,000 spending limit, don’t carry a balance of more than $1,000. Even better, keep it below 10% and reap a greater boost in your score.

(Photo: JGI/Jamie Grill/Getty Images)

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