How to spring clean your credit score

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With Spring here, it is time to declutter your home. You can use this time to clean up your credit score too.

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If you want to improve your credit score, spring is the perfect time to boost or refinance your credit situation.

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1. Get your balance down: Paying the full balance on your credit card can help you improve your credit score.

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A low credit utilization ratio can help you get better deals from credit card issuers and lenders when you need it.

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2. Pay before reporting date: Make payments on or before the date your credit card issuer reports your payment history.

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This is the date the credit company sends your information to the credit bureaus to record your credit score.

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3. Keep credit cards active: The length of your credit history is your most important asset for your credit score.

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Keep all credit lines open. If possible, you can even reactivate a card without the lender pulling a hard inquiry.

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Spring cleaning your credit score before the summer is a great way to be ready for new credit building options.

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