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What are the best ways to strengthen my credit score?
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1. Pay bills on time: Paying bills on time is one of the most important factors in building a strong credit score.
2. Keep credit utilization low: A low credit utilization rate (the amount of available credit you are using) is beneficial for your credit score. Aim to use less than 30% of your total available credit.
3. Don't apply for multiple credit cards: Applying for multiple credit cards at once can lower your credit score.
4. Monitor your credit report regularly: Staying up to date on any changes to your credit report can help you dispute any errors that could be lowering your credit score.
5. Build a diversified credit mix: Having a mix of different types of credit such as auto loans, mortgages, and credit cards can be beneficial to your credit score.