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How much time does it take to correct a bad credit score?
Asked by unknown
1 Answers
It is not easy to fix a bad credit score, as serious payment information stays on the credit history for 7 to 10 years. The impact of information lessens slowly over time as positive information such as regular payment history and low utilization percentage accumulate in ones credit history. Inquiring for credit too many times will reduce the credi
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Apart from credit cards, what measures can one take to raise their credit scores?
Asked by unknown
1 Answers
Do not apply for new lines of credit like loans, unless absolutely necessary. Do not make frequent requests for credit or loans. Make all periodic payments on time. Clear all pending due payments. Pay off debts instead of transferring them. If there is an issue of payment, contact creditors or see a credit counselor.
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How do the credit bureaus gets information?
Asked by unknown
1 Answers
Credit bureaus get information from creditors, such as a bank, credit card issuer, or auto finance company.
