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hey there friends today let's dive into
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some essential tips for building credit
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with a credit card a good credit score
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is your ticket to better Financial
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opportunities so let's make sure you're
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on the right track first up always pay
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your credit card bill on time late
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payments can damage your credit score
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and rack up fees to avoid this set up
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autopay or payment reminders staying
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consistent with payments is key to
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building a solid credit history next
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keep your credit utilization loan this
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means using less than 30% of your
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available credit limit for example if
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your limit is $1,000 aim to keep your
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balance under $300 this shows lenders
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that you're responsible with your credit
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here's a pro TI start with small
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manageable expenses like groceries or a
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streaming subscription pay them off in
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full each month to avoid interest and
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demonstrate responsible spending habits
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avoid closing old credit card accounts
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even if you're not using them much your
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credit history length is an important
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factor in your score so keeping older
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accounts open helps maintain a strong
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credit profile also be mindful about
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applying for new credit cards each
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application triggers a hard inquiry on
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your credit report which can temporarily
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lower your score only apply for credit
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when you truly need it lastly regularly
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check your credit report for errors or
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fraudulent activity you're entitled to a
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free credit report each year so make it
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a Habit to review it and dispute any
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inaccuracies that's it for today's tips
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remember building credit takes time and
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patience stick to these habits and
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you'll be on your way to achieving
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financial success don't forget to like
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subscribe and share for more helpful
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Financial advice see you next time foro
